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$300m fundraise: BigBasket shops with CAM Bangalore, Alibaba invests in Trilegal [UPDATE: Khaitan for Abraaj]

Cyril Amarchand Mangaldas (CAM) Bangalore-based partner Reeba Chacko led for BigBasket, with partner Akshay Bhat and principal associate S Harish. The firm also acted for the existing investors.

Trilegal Mumbai partner Rohan Ghosh Roy acted for Alibaba, assisted by senior associate Anurag Srivastava, and associates Tanay Shah, Vinit Patwari, Divyajyot Verma, Pujitha Gullapalli and Anant Prabhu. Trilegal partner Nisha Kaur Uberoi and counsel Soumya Hariharan also assisted on competition law aspects of the deal, with senior associate Gautam Chawla, and associates Ankita Gulati and Mathew George.

As reported last week, Roy had also led for Alibaba affiliate Ant Financial on the $200m investment round in online food ordering portal Zomato.

Update 17:47: Khaitan & Co acted for the Abraaj Group (alongside CAM) on its follow-on investment in the company, with a team including partner Aakash Choubey, principal associate Kunal Mehta and associate Shreya Dua with assistance from partner Avaantika Kakkar and senior associate Kirthi Srinivas on the competition law aspects.

BigBasket, operated by Supermarket Grocery Supplies Pvt. Ltd, on Friday said it has raised $300 million in a Series E funding round led by Alibaba Group Holding Ltd, announcing a widely anticipated deal that would give the online grocery firm the resources to hold on to its lead in the market...

Sands Capital, International Finance Corp. and Dubai-based private equity investor Abraaj Capital participated in the round. The three investors had led BigBasket’s $150 million fund-raise in March 2016. Other investors in BigBasket include Helion Venture Partners, Bessemer Venture Partners and Ascent Capital.

reported Yuvraj Malik in Mint.

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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