Brother Fortune Apparel Ltd, Bennett Coleman & Company Ltd., Ontario Teachers’ Pension Plan Board and other investors have participated in the $200 million (Rs. 1367 crore) funding in Jasper Infotech Private Limited, owners of Snapdeal..IndusLaw acted for Snapdeal with a team led by Partner Srinivas Katta, Principal Associate Winnie Shekhar and Associates Piyush Bhawalpuria and Devya Sharma..Shearman & Sterling LLP Partner Sidharth Bhasin and Associate Jenny Fan acted forBrother Fortune..Bennett Coleman was represent by an in-house team of Vinod Joseph and Arjana Sinha. The external counsel was Weil, Gotshal and Manges LLP. The lawyers involved were Partner Tim Gardner, Counsel U-Hyeon Kwon and Associate Dianna Y Lee..AZB & Partners acted for Ontario Teachers’ Pension Plan. A team of Partner Darshika Kothari and Associates Vijay Sureka and Sayak Maity were involved in the transaction..According to ET, this round of funding makes Snapdeal the second-highest valued Indian startup, after Flipkart. Snapdeal had raised $500 million in August last year. During this round, Brother Fortune has invested Rs 335 crore, whereas Bennett Coleman has put in Rs. 25.49 crore.
Brother Fortune Apparel Ltd, Bennett Coleman & Company Ltd., Ontario Teachers’ Pension Plan Board and other investors have participated in the $200 million (Rs. 1367 crore) funding in Jasper Infotech Private Limited, owners of Snapdeal..IndusLaw acted for Snapdeal with a team led by Partner Srinivas Katta, Principal Associate Winnie Shekhar and Associates Piyush Bhawalpuria and Devya Sharma..Shearman & Sterling LLP Partner Sidharth Bhasin and Associate Jenny Fan acted forBrother Fortune..Bennett Coleman was represent by an in-house team of Vinod Joseph and Arjana Sinha. The external counsel was Weil, Gotshal and Manges LLP. The lawyers involved were Partner Tim Gardner, Counsel U-Hyeon Kwon and Associate Dianna Y Lee..AZB & Partners acted for Ontario Teachers’ Pension Plan. A team of Partner Darshika Kothari and Associates Vijay Sureka and Sayak Maity were involved in the transaction..According to ET, this round of funding makes Snapdeal the second-highest valued Indian startup, after Flipkart. Snapdeal had raised $500 million in August last year. During this round, Brother Fortune has invested Rs 335 crore, whereas Bennett Coleman has put in Rs. 25.49 crore.