Flipkart, one of the biggest e-commerce companes in the country, has acquired online fashion retailer, Myntra for Rs. 1,800 crore ($300-million). The purachse marks the biggest ever consolidation of the Indian e-commerce market..Nisthith Desai Associates acted for Flipkart with a team led by Vaibhav Parikh, Partner M&A and TMT practice alongwith Sangeeta Rana and Arun Scaria, senior members of the M&A practice group..Indus Law acted for Myntra and the founders and existing investors Indo US Ventures and Accel Partners. The Indus team was led by Partners Srinivas Katta and Satya Sree Akella along with Associates Basava Rao, Sherrill Pal and Ankita Gupta..Samvad Partners advised existing investor IDG Ventures with a team led by Partners Siddharth Raja and Nivedita Nivargi.
Flipkart, one of the biggest e-commerce companes in the country, has acquired online fashion retailer, Myntra for Rs. 1,800 crore ($300-million). The purachse marks the biggest ever consolidation of the Indian e-commerce market..Nisthith Desai Associates acted for Flipkart with a team led by Vaibhav Parikh, Partner M&A and TMT practice alongwith Sangeeta Rana and Arun Scaria, senior members of the M&A practice group..Indus Law acted for Myntra and the founders and existing investors Indo US Ventures and Accel Partners. The Indus team was led by Partners Srinivas Katta and Satya Sree Akella along with Associates Basava Rao, Sherrill Pal and Ankita Gupta..Samvad Partners advised existing investor IDG Ventures with a team led by Partners Siddharth Raja and Nivedita Nivargi.