Deal Street

February 28, 2018

Nearbuy and Little acquired by Paytm, combines both


Deals platforms Nearbuy and Little Internet have merged their operations, with Paytm picking up a majority stake in the combined entity.

Reportedly Paytm has invested $25 million (over Rs 161.45 crore), and will hold 51 percent stake in the joint entity.

“This combination of Nearbuy and Little marks a great opportunity for us to reinforce our commitment to support small and large retailers in the new age of mobile commerce and payments. I am sure consumers will love the greater selection and reach of everyday deals and discount offers,” said Vijay Shekhar Sharma, Founder and CEO of Paytm.

IndusLaw advised both Nearbuy and Little. The Delhi office with a team led by Partner Avimukt Dar along with Principal Associate Anubha Sital, Senior Associate Harman Walia and Associate Ishan Patnaik guided them.

The Bangalore Office team acted for Little Internet and was led by Partners Suneeth Katarki and Winnie Shekhar, along with Senior Associate Aakash Dasgupta.

Eversheds Harry Elias acted upon Nearbuy Singapore and the team was led by Partner Sze-Hui Goh.

Themis Associates Partner Amritha Salian advised Sequoia (shareholder of Nearbuy Singapore).

Winston & Strawn LLP Partner John Albers acted as Singapore Counsel for Groupon (shareholder of Nearbuy Singapore) and J. Sagar Associates acted as their India counsel.

Shardul Amarchand Mangaldas with a team led by Partners Raghubir Menon and Ekta Gupta along with Senior Associate Aritra Roy acted for Paytm. It also advised GIC (shareholder of Little) with a team led by Partner Amit Khansaheb.

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