The legal team that worked on the US$72 million series C round fundraise by Bounce had a greater flexibility to structure the transaction because the two-wheeler rental company is a registered startup.
“Such registered startups enjoy benefits such as management stock options under the Companies Act, 2013, certain tax exemptions, etc. This gave us more liberty to structure the transaction in comparison to regular private equity transactions,” said Anant Mishra, a senior associate at J Sagar Associates (JSA).
Bounce is a registered startup in accordance with the Department for Promotion of Industry and Internal Trade notification number GSR 127(E), dated 19 February 2019.
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