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Nishith Desai Associates : Deal Corner

Nishith Desai Associates : Deal Corner

Posted by By at 9 August, at 18 : 41 PM Print


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August 09, 2018

DST, NASPERS AND COATUE LEAD INVESTMENT IN SWIGGY 

DEAL BRIEF

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 herehere and here.

OUR ROLE

We, at Nishith Desai Associates, acted as Indian legal counsel to DST Global and other investors and advised them on the legal, tax and regulatory aspects.


Chambers and Partners: Ranked in Tier 1 for Tax

World Tax (International Tax Review’s Directory): Recommended Tax Firm in India

Legal 500 2018 : Ranked in Tier 1 for Dispute Resolution, Labour & Employment, Investment Funds, TMT and Tax

Fastest Growing M&A Law Firm in India in 2015: MergerMarket

The Most Innovative Law Firm in Asia-Pacific


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About Us

Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich and New York.

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