Represented a Large US Investment Management firm (with assets in excess of US $ 1 trillion) in Relation to a Transaction Involving US $ 1 Billion Fund Raising by Swiggy – One of India’s Fastest Growing Unicorn Start-Ups in the Online Food Delivery Space

Deals & Matters
1 January 2019

As part of a USD 1 billion fundraising by, Swiggy, a business owned and run by Bundl Technologies Private Limited, our client made an investment of INR 1,848,063,414 in Bundl Technologies.
Our engagement involved advising the Client on: (i) Indian law applicability on all aspects of the investment including investor rights, indemnity etc.; (ii) negotiation of the shareholders agreement, share subscription agreement and other investment documents; (iii) due diligence of the company and matters to be addressed prior to closing; (iv) approvals to be obtained from the Competition Commission of India; and (v) all other related legal advice.