India:
DST, Naspers And Coatue Lead Investment In Swiggy
15 August 2018
Nishith Desai Associates
To print this article, all you need is to be registered or login on Mondaq.com.
DST Global, Naspers and Coatue Management, leading
technology investors in the world, along with others have invested
a total of USD 210 million (INR 1400 crores approx.) in a Bengaluru
based company that operates 'Swiggy', an online platform
("Company") for ordering and delivering
food from restaurants. This is Naspers' third investment into
the company. The additional funding will be utilized by Swiggy to
expand its operations in India.
Press coverage relating to the transaction is available here, here and here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from India
Law Of Digital Signatures In India
Vaish Associates Advocates
A digital signature is a cryptographic technique used to validate the authenticity and integrity of digital messages, documents, or software.
On Dealmaking And 10% Minority Shareholders
Khaitan & Co LLP
The request, however, was rejected by the board, citing non-compliances with the procedure laid down in the Companies Act 2013 for shareholders to requisition such extraordinary general meetings.
A Guide To Share Purchase Agreements
Gravitas Legal
Share Purchase Agreement is an agreement entered into between the buyer and seller(s) of shares of a target company. Usually Share Purchase Agreements entail that the buyer would be taking over...
Revisiting Representation And Warranty Clauses
Obhan & Associates
Clauses related to representations, warranties and indemnifications are widely negotiated clauses of commercial contracts especially in M&A transactions. The interests of the parties to a contract typically do not align with respect ...