CAM, JSA, Platinum, Trilegal lead on BigBasket $150 million fund raise

SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer BigBasket, is raising $150 million (about Rs 1,040 crore) in a fresh round of funding led by South Korean firm Mirae Asset..Mirae Asset will put in $59.9 million in this round. UK government-owned development financial institution CDC Group Plc will contribute $40 million while China’s Alibaba Group, BigBasket’s largest shareholder, will invest $50 million..Cyril Amarchand Mangaldas acted for BigBasket..J. Sagar Associates acted for Mirae Asset with a team led by Partners Vikram Raghani and Manav Raheja along with Associate Gaurav Matta..The competition law aspects of the transaction were advised by Partners Amitabh Kumar and Vaibhav Choukse, Senior Associate Ela Bali and Associate Zenia Cassinath..Platinum advised CDC Group and the team was led by Partner Ankit Majmudar..Trilegal acted for Alibaba and the team included Partner Rohan Ghosh Roy along with Associates Vinit Patwari and Divyajyot Verma..Once the latest transaction is completed, Alibaba will hold 26.26% stake in BigBasket, Mirae Asset will own 5.31% stake while CDC’s shareholding will stand at 3.54%, reported VCCircle.