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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.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

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By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
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Like +2 Object -0 Uddi Baba 05 Feb 18, 12:31
"Alibaba invests in Trilegal" it seems. Imagine a layman reading only this headline and not the content!!
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Like +7 Object -3 kianganz 05 Feb 18, 12:33
If there's one thing we live for at LI, it's to confuse the hell out of laypeople! :)
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Like +3 Object -3 Must say 05 Feb 18, 13:02
You need a new headline writer. This one was really terrible.
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Like +3 Object -1 kianganz 05 Feb 18, 13:21
I'll hold my hands up for those awful puns: those were all totally me.
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Like +2 Object -0 Uddi Baba 05 Feb 18, 14:12
This was no TOP headline. Are you on POT?
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Like +2 Object -1 kianganz 05 Feb 18, 14:36
I doff my hat to you Baba, your terrible pun beat my terrible pun! :)

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Like +1 Object -0 Dadar local 06 Feb 18, 08:05
Not getting enough traffic and resortinv to clickbait headlines?
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Like +2 Object -0 kianganz 06 Feb 18, 08:54
If you really think this is clickbait, you haven't seen any clickbait in a long time, or ever... I don't think a single reader would have clicked on it because they thought a PE fund of a Chinese e-commerce giant invested hard cash in an Indian law firm.

Though, Ali Baba is certainly investing in the Trilegal relationship, with 2 deals of AB-entities in quick succession working with Tri. That's a rather impressive marquee client for the firm...
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Like +1 Object -0 Guest 07 Feb 18, 02:26
Soumya Hariharan is a Counsel with Trilegal (and not an SA).
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