Shardul Amarchand Mangaldas & Co. advises Celebal Technologies Private Limited and its founders along with Norwest Capital, LLC on USD 14.66 million series B fundraise

June 12, 2025

Shardul Amarchand Mangaldas & Co. advised Celebal Technologies Private Limited and its founders along with Norwest Capital, LLC on a Series B fundraising round which includes a fresh investment by Incred and a follow-on investment by Norwest in Celebal Technologies Private Limited. The deal is valued at approximately USD 14.66 million.

Abhishek Guha, Partner; Mahesh Wasadikar, Partner and Deesha Vyas, Associate advised Celebal Technologies Private Limited and its founders on this transaction.

Aayush Kapoor, Partner; Srikant C.V., Partner; Subhashini Narayanan, Senior Associate; Pratim Majumder, Associate; Rishika Sharma, Associate, and Kritika Singha, Associate advised Norwest Capital, LLC on this transaction.

Avendus Capital advised Celebal Technologies Private Limited, and its founders advised on the financial aspects.

AZB & Partners advised InCred Growth Partners Fund – I on the legal aspects.