“SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer BigBasket, is raising $150 million (about Rs 1,040 crore) in a fresh round of funding led by South Korean firm Mirae Asset,” reported VCCircle, which also included Alibaba and CDC.

Cyril Amarchand Mangaldas advised Supermarket Grocery Supplies Private Limited led by a team of partner Reeba Chacko.

J Sagar Associates advised Mirae Asset-Naver Asia Fund led by a team of partners Vikram Raghani and Manav Raheja; and associate Gaurav Matta. The competition law aspects of the transaction were advised by partners Amitabh Kumar and Vaibhav Choukse, senior associate Ela Bali and associate Zenia Cassinath.

Update 6 June 2019: Trilegal advised Alibaba led by a team including Mumbai partner Rohan Ghosh Roy, assisted by senior associate Vinit Patwari, and associates Divyajyot Verma, Pulkit Chaturvedi, Karn Shukla and Mohona Thakur.

2019-03-29

Deal value: USD 150 million

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