Deal Corner
March 13, 2018
B2B online marketplace Udaan receives series B funding of USD 50 Million from Lightspeed, Apoletto, Bessemer and Stanford endowment

DEAL BRIEF

Udaan, a B2B platform started by former executives at Flipkart has received funding of USD 50,000,000 from Lightspeed Venture Partners and its affiliate entities, Apoletto Limited, Apoletto Investments IV, L.P., Fifth Avenue Private Equity 13 LLC and the Board of Trustees of the Leland Stanford Junior University along with its affiliate entities.

Press coverage relating to this transaction, is available at Livemint, here and at Economic Times, here.

OUR ROLE

We, at Nishith Desai Associates, acted as the Indian legal counsel to Udaan and advised them on the transaction including assistance on the investment documentation.

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Deal Corner

March 13, 2018

B2B online marketplace Udaan receives series B funding of USD 50 Million from Lightspeed, Apoletto, Bessemer and Stanford endowment

DEAL BRIEF

Udaan, a B2B platform started by former executives at Flipkart has received funding of USD 50,000,000 from Lightspeed Venture Partners and its affiliate entities, Apoletto Limited, Apoletto Investments IV, L.P., Fifth Avenue Private Equity 13 LLC and the Board of Trustees of the Leland Stanford Junior University along with its affiliate entities.

Press coverage relating to this transaction, is available at Livemint, here and at Economic Times, here.

OUR ROLE

We, at Nishith Desai Associates, acted as the Indian legal counsel to Udaan and advised them on the transaction including assistance 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.