Shardul Amarchand Mangaldas advises Pepperfry in raising Rs.250Cr fresh funding

Shardul Amarchand Mangaldas advised Pepperfry on its Rs. 250 crore fund-raising from US-based investor State Street Global Advisors.

Pepperfry operates an e-commerce business in India and State Street Global Advisors (SSGA) is the asset management arm of State Street Corporation, a New York Stock Exchange-listed investment management firm.

The private equity group of the general corporate practice at Shardul Amarchand Mangaldas acted as the legal counsel for Pepperfry. The transaction team advised on all the legal aspects of the transaction including carrying out vendor due diligence; reviewing, negotiating and finalisation of the transaction documents; and assistance in closing in relation to the transaction.

The transaction team was led by Siddharth Nair, Partner; and included Asmita Mishra, Senior Associate; Garima Jain, Associate; and Shachi Singh, Associate.

Other advisors to the transaction were Schulte Roth & Zabel LLP (legal counsel to incoming investor), Cyril Amarchand Mangaldas (legal counsel to incoming investor) and Walkers Global.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel