Jasper Infotech, which owns and operates online marketplace Snapdeal.com, has raised a second round of funding led by existing investor eBay Singapore..eBay along with other existing investors has invested $134 million (Rs. 830 crore) in Snapdeal, making it one of the largest capital raises by an Indian digital commerce venture in recent times, reports ET..J. Sagar Associates acted as Indian legal counsel for eBay. The JSA team was led by Partner Vivek K. Chandy along with Senior Associate Archana Tewary and Associate Siddharth K. Vedula..Bingham McCutchen LLP acted as US legal counsel for eBay with a team led by Partner William Perkins along with Counsel Kristen Ferris..Indus Law acted for Jasper with Bangalore Partner Srinivas Katta along with Associates Rashi Saraf and Sherrill Pal..K Law acted for Nexus Venture Partners, Bessemer Venture Partners and Kalaari Capital with a team led by Mumbai Partner Praveen Raju along Senior Associate Arun Jerome and Associate Jyotika Menon..eBay may eventually end up buying Snapdeal, since an acquisition could be eBay’s best, and probably the only, chance of building a large online presence in India, according to Mint.
Jasper Infotech, which owns and operates online marketplace Snapdeal.com, has raised a second round of funding led by existing investor eBay Singapore..eBay along with other existing investors has invested $134 million (Rs. 830 crore) in Snapdeal, making it one of the largest capital raises by an Indian digital commerce venture in recent times, reports ET..J. Sagar Associates acted as Indian legal counsel for eBay. The JSA team was led by Partner Vivek K. Chandy along with Senior Associate Archana Tewary and Associate Siddharth K. Vedula..Bingham McCutchen LLP acted as US legal counsel for eBay with a team led by Partner William Perkins along with Counsel Kristen Ferris..Indus Law acted for Jasper with Bangalore Partner Srinivas Katta along with Associates Rashi Saraf and Sherrill Pal..K Law acted for Nexus Venture Partners, Bessemer Venture Partners and Kalaari Capital with a team led by Mumbai Partner Praveen Raju along Senior Associate Arun Jerome and Associate Jyotika Menon..eBay may eventually end up buying Snapdeal, since an acquisition could be eBay’s best, and probably the only, chance of building a large online presence in India, according to Mint.
