Deal Corner
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 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.

Disclaimer

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We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

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Deal Corner

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 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.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.