Dot-com-darling JSA Bangalore wins $133m eBay bid for Snapdeal with IndusLaw

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Monday, 3 March 2014 By Legally India Corporate M&A

eBay snaffles larger stake Snapdeal
eBay snaffles larger stake Snapdeal

J Sagar Associates (JSA) Bangalore has bagged the mandate for global e-auction giant eBay, which took a $133.7m stake in Indian online marketplace Snapdeal, advised by IndusLaw.

JSA Bangalore partner Vivek K Chandy, who had also led for in Facebook’s first Indian acquisition early this year, acted for eBay Singapore with senior associate Archana Tewary and associate Siddharth K Vedula.

Bingham McCutchen Boston partner William Perkins and counsel Kristen Ferris acted for eBay on non-Indian law.

Jasper Infotech meanwhile, which owns the popular Snapdeal.com website, was represented by IndusLaw Bangalore partner Srinivas Katta and associates Rashi Saraf and Sherrill Pal.

Certain existing investors of Jasper were represented by KLaw partner Praveen Raju, according to JSA.

The deal is eBay’s second investment in less than 12 months after a $50m investment in April 2013, reported Mint in late February.

J Sagar Associates (JSA)IndusLawK LawBingham McCutchen

Comments

Anon 3 Mar 2014, 11:11
+3 -3
What happened to the FB deal team? Why was Sharath C dropped?
Well Done! 3 Mar 2014, 20:41
+4 -1
Excellent stuff! Good to read this. Vivek, keep the JSA flag flying high..
CB 5 Mar 2014, 04:52
+2 -2
Congrats Arch!
darrling.savitabhabhi 6 Mar 2014, 15:01
+2 -1
"dot-com darling" - who does rediff, google, flipkart, travel websites, etc work. not sure jsa. a mixed bag probably.
Snap 8 Mar 2014, 10:25
+4 -2
Did kartik ganapathy not work on this deal from induslaw?
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