IndusLaw, Trilegal, Kochhar, AZB, JSA+3 foreign firms act on Snapdeal’s $500 million fund raise

Online marketplace Snapdeal has raised $500 million (Rs. 3269 crore) in a fresh round of funding from a clutch of investors led by Alibaba Group, Foxconn and its biggest investor, SoftBank..Existing investors Temasek, BlackRock, Myriad and Premji Invest also participated in the latest funding round..IndusLaw advised Snapdeal through a team led by Bangalore Partner Srinivas Katta, along with Senior Associate Winnie Shekhar and Associates Piyush Bhawalpuria and Priyanka Chandrasekhar. Delhi Partner Avimukt Dar, along with Senior Associate Anubha Sital advised on Competition Law issues..Foxconn Technology Group, the maker of Apple’s iPhone, has invested $200 million for a 4.27% stake in Snapdeal, reports ET. It was advised by its in-house team..Simpson Thacher & Bartlett acted as international legal counsel for Alibaba, while Trilegal acted as Indian legal counsel..The Simpson team included Counsel Ian Ho and Associates Erik Wang and Sandra Kister..The Trilegal team was led by Mumbai Partner Nishant Parikh, along with Counsel Rohan Ghosh Roy, Senior Associate Harsh Jain and Associate Anubhab Dasgupta. The team was also assisted by Partner Amit Tambe, Counsel Rahul Singh and Senior Associate Gautam Chawla..Morrison & Foerster LLP acted as International counsel for SoftBank, with a team led by Partner Amit Kataria along with Associates Noah Carr and Patrick Barrett..Kochhar & Co acted as domestic counsel for SoftBank, with a team led by Bangalore Partner Anjuli Sivaramakrishnan..SoftBank Corp. had earlier invested $627 million in Snapdeal, becoming the largest investor in the company. The legal advisors included IndusLaw, Kochhar and Morrison & Foerster..AZB & Partners advised Nexus, Kalaari Group of Funds and Temasek. The team was led by Bangalore Partners Srinath Dasari and Nanditha Gopal..The AZB Mumbai team advised Temasek with a team led by Partner Vaidhyanadhan Iyer along with Senior Associates Ashutosh Narang and Arvind Ramesh..Trilegal Mumbai also acted for BlackRock Group of Funds – Partner Gautam Singh and Counsel Arun Anandaiah and Myriad Opportunities – Partner Kunal Chandra and Senior Associate Kabeer Mathur..J. Sagar Associates acted for Ebay Singapore Services Private Limited with a team led by Partner Vivek K. Chandy along with Senior Associate Archana Tewary. Bingham McCutchen LLP acted as international counsel with a team led by Partner William Perkins and Dinesh K Melwani.