Nishith Desai Associates : Deal Corner
Posted by By nishithadmin at 9 August, at 18 : 41 PM Print
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 here, here 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
