BIRA 91 – Case Study

Background Bira 91 is a prominent Indian craft beer brand, established in 2015 by entrepreneur Ankur Jain, and was manufactured by the entity B9 Beverages Pvt Ltd. The brand quickly disrupted the Indian beer market, standing out for its diverse flavors, contemporary branding, and its focus on urban millennial geographical market. The company was able... Continue Reading →

The Draft Amendment to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

Introduction Due to recent advancements in technology and artificial intelligence there have been numerous incidents of misuse of synthetically generated information like deepfakes, misinformation and other unlawful content. This has caused damages to numerous individuals, violating their privacy and harming various users. Generative artificial intelligence has the ability to create false information infringing on the... Continue Reading →

IPO-Ready? Why Exchanges Care Deeply About Your ‘Chain of Agreements’

Author: Archana Balasubramanian Have you been or heard from an IPO aspirant encountering unexpected delays or rejections during SEBI scrutiny on their path to listing? Despite planning initial public offerings having collected three years of audited financials, compliance certifications, board restructuring, and the draft red herring prospectus? The delays are not because their financials are weak,... Continue Reading →

Gigged Out? Why E-Commerce Platforms Must Prepare for a Festive Season Compliance Test

Author: Nitin Jain India's festive season is poised to generate record-breaking gig workforce demand, with estimates suggesting over 500,000 temporary jobs across e-commerce, logistics, and warehousing. However, this celebratory spike may also bring unprecedented legal scrutiny to platform employment practices that have evolved in regulatory gray areas. The scale of seasonal hiring creates unique legal... Continue Reading →

Anchor Bets, Exit Jitters: What FPI Signals Mean for Pre-IPO Deal Structuring

Author: Archana Balasubramanian Foreign Portfolio Investors (FPIs) appear to be sending mixed signals to Indian markets: while secondary market withdrawals crossed INR 25,000 crore recently, anchor investment in IPOs has risen sharply, with over INR 26,000 crore deployed in recent months. This apparent contradiction reveals a sophisticated investment strategy that transcends simple market sentiment. FPIs... Continue Reading →

How MoA Language Affects Investor Due Diligence

By Archana Balasubramanian A mid-growth SaaS company, fresh off their first term sheet for a ₹40 crore infusion, found themselves in a surprising delay. Everything was aligned: due diligence done, traction numbers strong, founder chemistry perfect. Then the investor’s compliance team flagged one line in the Memorandum of Association (MOA). The company, focused on AI-led... Continue Reading →

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