Khaitan Bangalore, BMR bag $70m Flipkart buy of Jabong.com

Tuesday, 26 July 2016 By Legally India Corporate M&A

Khaitan and BMR begin scoring off start-up consolidation
Khaitan and BMR begin scoring off start-up consolidation

“Flipkart Ltd has acquired Jabong through its unit Myntra in a cut-price deal that values the online fashion store at $70 million, moving to preserve its position as India’s No.1 e-commerce marketplace in the face of an onslaught by Amazon India,” reported Mint.

Value: $70m

Flipkart was advised by Khaitan & Co Bangalore partner Ganesh Prasad, assisted by Bangalore associate partner Vinay Joy, senior associate Rohith Rajendran and associate H Muralikrishnan.

Jabong was advised by BMR Legal Delhi partner Amit Khansaheb with principal Vishruta Kaul and senior associate Deep Jain.

In 2014, Nishith Desai Associates had advised Flipkart on its purchase of Myntra, which was advised by Indus Law.

Khaitan & CoBMR Legal

Comments

the seeker 26 Jul 2016, 14:30
+0 -2
the e-commerce space will most likely see several such acquisitions. Its a classic case of gulping up the small fry.

BTW can you through some light on the billable aamount by Khaitan for a deal roughly costing around 420 crores...
Refresh 26 Jul 2016, 17:42
+4 -1
Well done Khaitan team!
Sher khan 26 Jul 2016, 18:48
+5 -2
Khan is killing it...

I mean what a change from his D&D days when he was stifled..


It's unbridled vengeance now..


Well done Khan
Murali Go ! ! ! 26 Jul 2016, 19:32
+15 -1
Go Murali !!!
go goa 27 Jul 2016, 17:56
+0 -0
go to goa and chill now
Proud! 27 Jul 2016, 09:43
+5 -3
Very proud of Murali! One of the brightest young lads to work with. Good job!!
Yes 27 Jul 2016, 16:11
+7 -5
without Murali this Deal would never completed
Haters gonna hate 27 Jul 2016, 17:41
+2 -3
Okay bro.
No 27 Jul 2016, 17:50
+3 -0
I wasn't being sarcastic bro. :(
true essance 27 Jul 2016, 17:56
+7 -1
What "Yes" has said is absolutely right this deal would have never completed with "Murali" rest all involved were bystander aka silent observer
BHI MR 27 Jul 2016, 10:47
+6 -3
What is BMR legal bengaluru team upto? Havent seen Siddharth Nair and Roshan Thomas on deals upon their move...
BeeMR 27 Jul 2016, 13:44
+9 -5
Seems Themis & Lexygen are taking away all the business in Bengaluru..
Bombay Boys 28 Jul 2016, 08:57
+7 -10
I don't know about the "taking all business away" bit being even close to accurate, but Lexygen certainly does some kick-ass work and not just in Bangalore. I also respect them for their excellent quality of work.
Bambai Boy 28 Jul 2016, 14:05
+4 -0
Lexygen also does work in Mumbai?
Bombay Boys 28 Jul 2016, 14:57
+5 -7
Yes they do.
Lexisgen 28 Jul 2016, 16:19
+5 -0
Why do we not see the deals they do in the media?
sahilex 28 Jul 2016, 17:42
+4 -0
The deals are too big to be disclosed on smaller platforms... Thats bhy...
Bombay Boys 29 Jul 2016, 01:38
+4 -4
I have no idea. I only speak from my experience where I have come across them on deals.
ProTA 29 Jul 2016, 07:13
+6 -2
Surprise surprise to see Themis name being recognized in Bangalore market. who is left anyways there, some 2-3 people at mid senior level.. :)
Themislex 29 Jul 2016, 11:15
+4 -0
And the other firm is the cravath of bengaluru...
Farzi 1 Aug 2016, 17:52
+0 -0
Visit farzi cafe and social media to find out what the firms are upto.. Question is who pays the bill...
Shane Warne 27 Jul 2016, 10:49
+4 -0
Well bowled Murali!
Admirer 27 Jul 2016, 18:01
+4 -0
Love you Murali!
Not Admirer 27 Jul 2016, 18:26
+7 -0
[b]AAR GO HOME.[/b]
To Admirer 27 Jul 2016, 18:27
+2 -0
I love you too!!
cravath associate 27 Jul 2016, 18:45
+1 -3
acquisition of Yahoo by Verizon *
Cravat 28 Jul 2016, 01:52
+2 -0
Yes? What about it? You worked on it? Pls go brag about it on ATL. Thank you :-)
illigally baba 28 Jul 2016, 06:30
+2 -0
Murli baba ki jai :)
cravath associate 28 Jul 2016, 17:14
+0 -0
But above the law is not as cool as Legally India
kianganz 28 Jul 2016, 17:35
+3 -0
Weeee, thank you! #missionaccomplished :)
Cravat 29 Jul 2016, 01:40
+0 -0
That's high praise, coming from a Cravath associate, Kian ;-)
lebron james 29 Jul 2016, 04:55
+3 -0
what a slam dunk! Murali!.
OOPS 29 Jul 2016, 07:29
+1 -9
Was unaware of the fact that Murali, is a "Salman Khan" of legal fraternity who get praised by follower even without any "Worth".
HatersGonnaHate 29 Jul 2016, 07:45
+5 -1
Your choice of a yardstick for comparison in itsef is appalling. Salman Khan, really?

Want some Burnol? You may need some to soothe your burning "WORTH".
Grammar 29 Jul 2016, 09:49
+4 -1
You can't expect more from a person who uses quotation marks for emphasis.
Dudo 29 Jul 2016, 11:36
+3 -3
somebody took it for a toss, chill bro; in double quotes
Commenting is closed for this article.