Deal Corner
February 07, 2017
Investment in Udaan by Lightspeed Venture Partners

DEAL BRIEF

Udaan, a B2B platform started by former executives at Flipkart has received funding of USD 10 million by Lightspeed Venture Partners. Mr. Sujeet Kumar, Mr. Vaibhav Gupta and Mr. Amod Malviya, founders of Udaan, have each been instrumental in Flipkart’s growth and success during its early days.

Press coverage relating to this transaction, is available at (Economic Times), (Live Mint).

OUR ROLE

We, at Nishith Desai Associates, acted as legal and tax counsels to Udaan and advised them on the legal, tax, regulatory and strategic aspects of setting up and structuring of the business and operations as well as on the investment documentation.

Disclaimer

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Deal Corner

February 07, 2017

Investment in Udaan by Lightspeed Venture Partners

DEAL BRIEF

Udaan, a B2B platform started by former executives at Flipkart has received funding of USD 10 million by Lightspeed Venture Partners. Mr. Sujeet Kumar, Mr. Vaibhav Gupta and Mr. Amod Malviya, founders of Udaan, have each been instrumental in Flipkart’s growth and success during its early days.

Press coverage relating to this transaction, is available at (Economic Times), (Live Mint).

OUR ROLE

We, at Nishith Desai Associates, acted as legal and tax counsels to Udaan and advised them on the legal, tax, regulatory and strategic aspects of setting up and structuring of the business and operations as well as on the investment documentation.

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.