Kimbal Private Limited has successfully secured $22 million in a Series B funding round, spearheaded by GEF Capital Partners with support from Niveshaay Sambhav Fund. The legal advisory for this significant financial move was provided by Trilegal, a renowned law firm.
The Corporate Practice team at Trilegal, responsible for guiding Kimbal through this fundraising process, was led by Partner Sanjam Arora. The team included Counsel Anamika Ray, Counsel Jagrati Gupta, and Associate Vagmita Tiwari. Additionally, the Capital Markets team, which played a crucial role in the transaction, was headed by Partner Vijay Parthasarathi and supported by Senior Associate Saurav Das.
Kimbal, established in 2011 by Ayush Sinhal, is a technology company specializing in smart metering and energy transition solutions. With the new influx of capital, Kimbal aims to accelerate its product development in areas such as power quality, energy management, and battery storage. The company also plans to enhance its Advanced Metering Infrastructure (AMI) and manufacturing capabilities while expanding its reach into international markets.
In related news, Cyril Amarchand Mangaldas, TT&A, and JSA have been involved in Adani’s ₹3,050 crore acquisition of IntelliSmart.
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