In a significant move within the technology investment landscape, Okintek Capital LLC, steered by Rehan Netarwala, has strategically invested in Clinevo Technologies Pvt. Ltd. This investment was executed through a meticulously planned two-step process. Initially, Okintek India received a capital injection from multiple investors, including prominent entities such as Ambit Partners, Lighthaven, and Okintek Capital LLC. Following this infusion, Okintek India proceeded to invest in the promising Clinevo Technologies.
The transaction saw the legal expertise of ALMT Legal, based in Bengaluru, representing Okintek Capital and Rehan Netarwala. The legal team was spearheaded by Partner Sandhya Susanna Bhaskar, with substantial contributions from Senior Associate Rishabh Sureka, and Associates Prakhar Agarwal, Surabhi Srinivasan, and Danika Joplin.
Sandhya Susanna Bhaskar also led the legal due diligence on Clinevo Technologies, ensuring a comprehensive evaluation supported by Senior Associate Rishabh Sureka and Associates Mridula Ponappa, Adhithyaa Vishal, Surabhi Srinivasan, and Priyamvada. The intellectual property diligence was managed by Senior Associate Sindhur C S and Associate Varshini M, while Associate Sunaina Rao handled litigation diligence, and Nataraja Joisa oversaw Secretarial Compliance.
Clinevo Technologies, a notable Indian company, specializes in providing cloud-based software solutions tailored for the life sciences sector, focusing on drug safety, pharmacovigilance, and clinical trials. This investment marks a pivotal step in enhancing their technological capabilities and expanding their operational reach.
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