Indus, SAM, Themis, JSA lead on Paytm acquisition of majority stake in Nearbuy and Little merged entity

Discovery and deals platforms Nearbuy and Little Internet have merged, and financial services platform Paytm has taken a majority stake in this combined entity..The merged entity, is expected to be valued at about $100 million with a fresh capital infusion of $25 million by Paytm, reported ET..IndusLaw acted for both Nearbuy and Little. The Delhi office advised Nearbuy and the team was led by Partner Avimukt Dar along with Principal Associate Anubha Sital, Senior Associate Harman Walia and Associate Ishan Patnaik..The Bangalore Office acted for Little Internet and the team was led by Partners Suneeth Katarki and Winnie Shekhar, along with Senior Associate Aakash Dasgupta..Shardul Amarchand Mangaldas advised Paytm and the team was led by Partners Raghubir Menon and Ekta Gupta along with Senior Associate Aritra Roy..SAM also acted for for GIC and SAIF Partners with a team led by Partner Amit Khansaheb along with Principal Associates Nikhil Sachdeva and Abhishek Dubey and Associate Mayank Malhotra..Eversheds Harry Elias advised Nearbuy Singapore and the team was led by Partner Sze-Hui Goh..Themis Associates advised Sequoia (shareholder of Nearbuy Singapore) – and the team was led by Partner Amritha Salian.Winston & Strawn LLP Partner John Albers acted as Singapore Counsel for Groupon (shareholder of Nearbuy Singapore) while J. Sagar Associates acted as India counsel.