Hogan Lovells, SAM, Cooley assist Flipkart’s funding  

0
1109
ecommerce marketplace
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

Hogan Lovells and Indian law firm Shardul Amarchand Mangaldas & Co (SAM) advised Indian e-commerce Flipkart in its recent USD3.6 billion funding round, which was led by the Government of Singapore Investment Corporation (GIC), Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart. Cooley advised SoftBank Vision Fund 2.

The round also included investments from DisruptAD, the Qatar Investment Authority, and Malaysia’s sovereign fund, Khazanah Nasional. Announcing the deal on 12 July, Flipkart said the investment valued the group at USD37.6 billion.

SAM’s team comprised: Partners Raghubir Menon and Ekta Gupta in Mumbai, senior associates Aditya Parolia in Mumbai and Tanya Choudhary in New Delhi, and Mumbai-based associates Rooha Khurshid, Palak Dubey and Madhurika Durge (transaction); New Delhi-based partners Shweta Shroff Chopra and Yaman Verma (competition); partner Anuj Berry in New Delhi (dispute resolution); and partners Prashant Gupta in New Delhi and Nikhil Naredi in Mumbai, principal associate Devesh K in Mumbai, and associates Ajo Jomy in New Delhi, and Harini Jambunathan in Chennai (capital markets).

Hogan Lovells’ team was led by partner Stephanie Keen, and included counsel Danielle Wu and associates Mark Vincent and Amelia Lee. Cooley’s team was led by partner Matthew Bartus and included associates Michael Marietta and Susan Choy. Both teams are based in Singapore.

About USD800 million of the latest funding reportedly came from the Canada Pension Plan Investment Board. Walmart majority-owned Flipkart said with this investment it would “continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in India”.

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link