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Shardul Amarchand Mangaldas & Co. (SAM & Co.)

Shardul Amarchand Mangaldas & Co Advises on USD 120 Million Investment by SoftBank Group, Tiger Global, Apoletto Asia and Sequoia Capital into Grofers

Nov 30, 2015   12:52 IST 
New Delhi, Delhi, India

Shardul Amarchand Mangaldas & Co (SAM & Co) acted as the legal counsel to Grofers Group in the USD 120 million investment by SoftBank Group, Tiger Global, Apoletto Asia and Sequoia Capital. The SAM & Co team was involved in all legal aspects of the transaction including drafting, negotiation and finalization of the transaction documents for the investment by the Investors into the Company.

 

The Shardul Amarchand Mangaldas Team was led by Ms. Puja Sondhi, Partner and it included Mr. Sumeet Singh, Senior Associate; and Ms. Vasundhara Garg, Senior Associate Designate.

 

As a part of the transaction, Grofers Singapore Pte. Ltd (“Company”), part of Grofers Group which owns and operates the hyper-local grocery and fresh food delivery platform ‘Grofers’ in India, received Series D round of investment of USD 120 Million. The Series D round was led by SoftBank Group and also saw the existing Investors such as Tiger Global, Apoletto Asia and Sequoia Capital making further investments into the Company by way of subscription of redeemable preference shares of the Company. SAM & Co has had earlier also advised the Grofers Group in its Series C fund round of investment from the existing Investors.

 

Parties involved in the transaction were SoftBank Group International Limited, Internet Fund III Pte. Ltd, Sequoia Capital India Investments IV, Apoletto Asia Ltd; Company:  Grofers Singapore Pte. Ltd.

 

Practice Group: General Corporate/ Private Equity 

 

Date of Closing: November 30, 2015

 

Other Advisors: Other Advisors to the deal were

(i) Morrison & Foerster team acted as the legal counsel for SoftBank Group and were assisted by Cyril Amarchand Mangaldas who advised SoftBank from lndian laws perspective; 

(ii) Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted for Tiger Global;

(iii) Themis Associates acted as the legal advisor to Sequoia Capital; and

(iv) DST Global in-house team advised Apoletto Asia Ltd.

 

About Shardul Amarchand Mangaldas & Co. (SAM & Co.)

Shardul Amarchand Mangaldas & Co. (SAM & Co.) is one of India’s leading full service law firms. Founded on almost a century of legal achievement, SAM & Co. reconstituted in May 2015 and has started anew. The Firm is known for its exceptional Mergers & Acquisition, Competition Law, Dispute Resolution & Arbitration, Regulatory Litigation, Capital Markets and Private Equity practices globally.

 

Its mission is “enabling business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration”. The Firm has been at the helm of major headline transactions and litigations in all segments of industry and business besides representing major trans-national corporates on their India entry and business strategy.

 

Headed by eminent practitioners Shardul Shroff and Pallavi Shroff, the Firm has more than 370 lawyers, including 70 partners across its six offices in India, which include – New Delhi, Mumbai, Gurgaon, Ahmedabad, Bengaluru and Kolkata.


Media Contact Details
Mr. Rahul Gossain
Shardul Amarchand Mangaldas & Co.
+91 9717498891/ 9873154228
 
 
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