Lumikai is India's first specialist venture capital firm at the forefront of interactive media, games and the attention economy. We are a small, fast-growing team, working alongside some of the country’s most ambitious founders and a global network of operators, investors and industry leaders. As we enter our next chapter, we are building a team that matches the scale of what lies ahead. The Role Function: Legal and Transactions

Location:
Gurgaon (on-site)

Experience:
1–3 years post-qualification, preferably law firm or fund-side deal experience Reporting to: Finance Controller The Opportunity Lumikai is entering its next phase of growth. Our platform already spans SEBI-registered AIFs, Cayman funds and co-investment vehicles. As our funds have matured, so has the scale and complexity of our legal work. Legal at Lumikai now spans the structuring, negotiation and closing of high-stakes portfolio transactions, including investments, exits, buybacks and secondaries, as well as co-investments, continuation vehicles, fund formation and investor onboarding, often running in parallel and across jurisdictions. It also extends to the fund’s own legal and regulatory matters, from SEBI and Cayman requirements to governance across our fund entities. This role has been curated to sit at the intersection of investments and fund finance, at the heart of legal execution across our transactions and fund platform. You will prepare and mark up documents, run deal processes, coordinate with counsel and counterparties, and help drive matters through to closing. It is a hands-on role with a steep learning curve. Few early-career lawyers get this breadth of exposure to how a venture fund is built, how deals are structured and negotiated, and how capital moves across structures and jurisdictions. What You'll Own 1. Transactions & Deal Execution
• Drive the legal execution and structuring of portfolio transactions, including primary investments, follow-ons, secondary sales, buybacks and exits.
• Work on fund-level transactions, including secondaries, continuation and single-asset vehicles, SPVs, co-investments and managed contract arrangements.
• Support transaction structuring, ensuring tax, regulatory and commercial considerations are addressed.
• Work closely with external counsel on term sheets, SHAs, SSAs, SPAs and ancillary documents, and track issues lists with counterparties.
• Support deal negotiations, including on key economic and commercial terms.
• Manage documentation and closings end to end, including CP/CS trackers, resolutions, signing logistics,



fund flow coordination and post-closing filings, so that all tax and regulatory requirements are complied with.
• Carry out legal and regulatory due diligence, including counterparty KYC, working closely with external counsel. 2. Fund Structuring & Investor Onboarding
• Support the setup of new funds and investment vehicles, including leading regulatory registrations.
• Work closely with external counsel to review and finalise fund documentation, including offering documents, investor agreements, management agreements and side letters, making sure key terms and commercials are accurately captured.
• Coordinate fund setup from a legal standpoint across counsel, trustees, administrators and other service providers.
• Work on GP and manager-level structuring, including carry and team vehicles.
• Prepare structure notes in collaboration with counsel.
• Run investor onboarding end to end, including compiling subscription documents, completing KYC/AML checks and coordinating with investors.
• Research and analyse legal, tax and regulatory aspects of fund structuring across Indian corporate law, FEMA and Cayman regimes to support structuring decisions. 3. Legal & Governance
• Draft board, partners', IC and LPAC resolutions and minutes.
• Review commercial contracts, NDAs, engagement letters and vendor agreements.
• Build and maintain templates, precedents and checklists for legal reviews and workstreams that help the team move faster. 4. Regulatory Compliance Support
• Support the compliance function on regulatory filings and reporting, and on responses to regulatory queries.
• Assist with drafting and updating fund policies in line with prevailing regulatory requirements.
• Track recent regulatory developments and help streamline processes across functions to ensure continued compliance. 5. Other Matters
• Support investor relations, including responding to LP queries, tracking side letter obligations and preparing LP consents, notices and LPAC matters.
• Support finance and fund operations workstreams where they overlap with legal, including reviewing drawdown and distribution notices against fund documents, interpreting waterfall, fee and carry provisions,



and coordinating tax and regulatory documentation for fund flows and payouts.
• Handle other legal matters across the firm as they arise, including ad hoc advisory, intellectual property, vendor and employment-related documentation, and other cross-functional legal requirements. At Lumikai, we don’t work in silos: everyone gets their hands into everything, and that breadth is exactly what makes this role such a rare platform for all-round growth. What Success Looks Like
• Clean, review-ready first drafts that move matters forward with minimal rework.
• Transactions and onboardings closed on time, with complete closing sets and audit-ready documentation.
• No missed deadlines on trackers, filings or CPs within your remit.
• Thoughtful suggestions and recommendations that add real value to each matter.
• A steadily sharpening grasp of commercials and deal-specific considerations.
• Rigorous legal analysis that thinks through implications from every angle. What We Are Looking For
• LLB from a leading law school.
• 1-3 years of post-qualification experience, preferably in the deals, M&A; or private equity/venture capital practice of a leading law firm, or in a legal or transactions role at a VC/PE fund.
• Exposure to deals, fund formation and transaction documents such as term sheets, SHAs, SSAs and SPAs is strongly preferred.
• Working knowledge of contract law, the Companies Act, the LLP Act, the SEBI (AIF) Regulations, FEMA and the broader Indian regulatory framework.
• Commercial acumen: you ask what a clause means for the fund, not just what it says.
• Sharp, precise drafting and the ability to run several live matters at once.

How To Apply
If this role resonates with you, we would love to hear from you. Please fill out the application form. The application form has two parts: a short set of questions about you and your experience, and a video response to a couple of questions we have set. We recommend setting aside enough time to complete it thoughtfully, since it is the most important part of your application and helps us understand how you think, not just what you have done. Shortlisted candidates will be contacted after an initial screening. Our process generally involves two to three rounds of interviews before a final decision. We review every application carefully and aim to keep candidates informed at each stage. All applications are treated in strict confidence. Lumikai will only contact candidates from an @lumikai.com email address, and will never ask for any payment during the recruitment process.

📌 Associate – Legal (Gurugram)
🏢 Lumikai Fund
📍 Gurugram