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Khaitan Bangalore, BMR bag $70m Flipkart buy of Jabong.com

Khaitan and BMR begin scoring off start-up consolidation
Khaitan and BMR begin scoring off start-up consolidation

"Flipkart Ltd has acquired Jabong through its unit Myntra in a cut-price deal that values the online fashion store at $70 million, moving to preserve its position as India’s No.1 e-commerce marketplace in the face of an onslaught by Amazon India,” reported Mint.

Value: $70m

Flipkart was advised by Khaitan & Co Bangalore partner Ganesh Prasad, assisted by Bangalore associate partner Vinay Joy, senior associate Rohith Rajendran and associate H Muralikrishnan.

Jabong was advised by BMR Legal Delhi partner Amit Khansaheb with principal Vishruta Kaul and senior associate Deep Jain.

In 2014, Nishith Desai Associates had advised Flipkart on its purchase of Myntra, which was advised by Indus Law.

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