Deal Street

November 21, 2019

Shardul Amarchand Mangaldas advises Grofers International Pte. Limited


[ by Legal Era News Network ]

samlogo

Shardul Amarchand Mangaldas & Co (SAM & Co), has advised Grofers and its founders for its Series F Fund raising round of approximately USD 250 million which was led by its largest shareholder, SoftBank Vision Fund.

Grofers India was founded in December 2013 and is based out of Gurugram. The company owns and operates the web and app based platform ‘Grofers’.

The company recently closed its Series F round of investment from its existing investors including SoftBank, Tiger Global and Sequoia and also saw participation from new investors such as South Korean fund KTB Network, Abu Dhabi Capital Group and Bennett, Coleman & Company Limited.

Shardul Amarchand Mangaldas & Co has previously also advised the Grofers Group in its Series C, Series D and Series E rounds of investments.

The Firm’s General Corporate team was led by Ms. Puja Sondhi, Partner; Mr. Sumeet Singh, Partner; Ms. Karuna Thapa, Principal Associate; Mr. Anish Jaipuriar, Senior Associate; and Ms. Surabhi Gupta, Associate.

The Competition Law team was led by Mr. Harman Singh Sandhu, Partner and Mr. Yaman Verma, Partner assisted in undertaking high level preliminary analysis on competition law aspects.

Morrison & Foerster (Hong Kong) led by its Partner, Amit Kataria and assisted by Sunandini Das, Associate, acted for SoftBank. Cyril Amarchand & Mangaldas & Co assisted SoftBank in conducting legal due diligence on Grofers India (which runs the marketplace ‘Grofers’ app).

ADCG’s counsel: Allen & Overy LLP (Singapore) and Gunderson Dettmer, Singapore acted for Internet Fund III Pte Ltd. KTB Network and BCCL were advised by their respective in-house legal team.

Related Post

latest News

  • Amendments To Companies Act, 2013 Which Attract Jail Terms And Fines For CSR Violations Make Firms Anxious

    Indian companies have become anxious after recent amendments to the Companies Act, 2013 which attract jail terms and fines in case of non-compliance w...

    Read More
  • National Housing Bank Act amended to bring housing finance companies (HFCs) under RBI

    The National Housing Bank Act has been amended thereby bringing housing finance companies (HFCs) under the ambit of the Reserve Bank of India.

    Read More
  • Dispute Between Dish TV India Ltd And Sony Pictures Network India Ends After The Former Withdraws Its Plea Before TDSAT

    The legal dispute between Dish TV India Ltd and Sony Pictures Network India at the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has ende...

    Read More
shares