•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Rajaram scores first recorded Softbank mandate with $1.25bn Swiggy shopping spree with SAM, Khaitan

It took SoftBank several years, but the Japanese investment giant is now ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus.


Masayoshi Son-led SoftBank Vision Fund II has invested $450 million in food delivery platform Swiggy (Bundl Technologies Private Limited) leading the company’s massive $1.25 billion Series J round of fundraising, with India’s antitrust watchdog, the Competition Commission having greenlit the transaction a few days ago. It is expected that this investment will see Swiggy’s valuation soar to nearly $5.5 billion.

Rajaram Legal advised SoftBank Vision Fund II as transaction counsel, led by a team of managing partner Archana Rajaram, partner Prasad Subramanyan, senior associate Nikita Rajwade and associate Raina Jog. This would be the first recorded mandate for fast-growing Rajaram for the Japanese private equity giant, which has worked with many big firms including Khaitan & Co, AZB & Partners, Trilegal.

Khaitan & Co acted for SoftBank as competition law counsel, with a team including partners Bharat Anand, Pranjal Prateek and Sagardeep Rathi, and associates Alisha Mehra and Armaan Gupta.

Shardul Amarchand Mangaldas advised long-time client Swiggy, led by a team of partner Raghubir Menon, principal associate Shiladitya Banerjee and associate Pranav Sethi. A team comprising of partner Manika Brar and principal associate Supritha Prodaturi represented Swiggy on the competition law aspects of the transaction.

Click to show 16 comments
at your own risk
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.