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Bharucha acts on $42m Shopsense takeover by Reliance, advised by Khaitan • JSA for Google

Reliance Industries said its Reliance Industrial Investments & Holdings subsidiary has agreed to invest Rs 295.25 crore in Mumbai-based Fynd, in a deal that would see early backers Google, Venture Catalysts and Kae Capital exiting the retail-focused startup. In a filing with the Bombay Stock Exchange, RIL said its subsidiary has an option to further invest Rs 100 crore in Shopsense Retail Technologies, which runs Fynd, by December 2021.
The Economic Times

The transaction will provide an exit to nearly 90 investors. The remaining 20% of the share capital of Fynd is being retained by the promoters.

Bharucha & Partners advised Shopsense Retail Technologies Private Limited led by a team of partner Alka Bharucha, managing associate Swathi Girimaji and associate Aishwarya Gupta.

Khaitan & Co advised Reliance Industries-owned Reliance Industrial Investment and Holdings Limited.

J Sagar Associates (JSA) advised Google International LLC.


Deal value: approximately INR 295 crores

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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