Shardul Amarchand Mangaldas (SAM) advised Singapore based hyperlocal delivery startup Grofers Group in the $120m (Rs 800 crore) investment in it by SoftBank Group, Tiger Global, Apoletto Asia and Sequoia Capital in a series D round of investment. The investors were advised by Morrison & Foerster, Cyril Amarchand Mangaldas (CAM), Gunderson Dettmer Stough Villeneuve Franklin & Hachigian and Themis Associates.
SAM Delhi partner Puja Sondhi, senior associate Sumeet Singh and senior associate designate Vasundhara Garg acted for Grofers.
CAM Mumbai partners Ashwath Rau and Shishir Vayttaden and consultant Nirmal Vathani, and Morrison & Foerster of counsel Amit Kataria acted for Softbank.
Themis senior associate Dheeraj Khanna acted as the legal advisor to Sequoia Capital.
Gunderson Dettmer senior partner Steven L Baglio and New York lawyers Salil Gandhi and Suneela Jain acted for Tiger Global.
DST Global’s in house legal team advised Apoletto Asia.
Grofers is now valued at about $400 m (Rs 2,664 crore) reported Economic Times. It was valued to be $33m in February this year. The money will be used to expand the company’s business and to build its supply chain, its CEO Albinder Dhindsa was quoted as saying.
threads most popular
thread most upvoted
comment newest
first oldest
first
Rajah & Tann, Singapore also acted for Company along with SAM. Please update this.
Isn't it time you do a SAM v CAM table of hires like you did in the month following the split?
Also I hear SAM moving into two new floors at Express Towers after a puja on Sunday.
And that more exits likely from AZB, CAM and JSA.
Best
Busybee
threads most popular
thread most upvoted
comment newest
first oldest
first