Indus sells Cleartrip to Khaitan’s Flipkart with foreign involvement

Friday, 16 April 2021 By Legally India Corporate M&A

E-commerce player Flipkart […] said it will acquire Cleartrip, a leading online travel and technology company.

— Business Standard

IndusLaw advised Cleartrip Private Limited led by a team of senior partner Srinivas Katta, partner Rashi Saraf, senior associate Stuti Agarwal, and associate Shreyas Bapat.

Khaitan & Co acted as counsel to Flipkart, led by partner Arun Scaria, principal associate Aniruddha Basu, senior associate Sukhmani Singh and associate Prerna Ranjan

White & Case LLP was Middle East advisor to Flipkart, with associate Roger Gaspard, and associate Thomas Jacques.

Sanfirst Law acted as Mauritius counsel to Cleartrip, led by managing partner Santanand Soorkia.

International firm Cameron McKenna Nabarro Olswang Singapore LLP was lawyer Singapore to Cleartrip, led by partner Babita Ambekar and senior associate Sam Ng.

Update 17 April 2021: International firm Stephenson Harwood advised Cleartrip led by a team including partner Diwakar Agarwal, leading on the Middle East leg of the transaction along with lawyer Kinjal Labroo.

2021-04-01

Deal value: Confidential

{incomplete}

IndusLawKhaitan & CoWhite & CaseSanfirst LawCameron McKenna Nabarro OlswangStephenson Harwood

Comments

Scaria 16 Apr 2021, 12:17
+8 -1
ScariaKart continues!
No no no 18 Apr 2021, 15:00
+2 -1
The ScariaKart isn't with KCO anymore btw. The man has left the sinking ship.
Alias 19 Apr 2021, 06:40
+0 -1
When and Where did he GO?
New news? 19 Apr 2021, 08:05
+8 -0
I have been reading about KCO sinking for almost 15 years when they were nowhere in the big law scene.

But they seem to be growing with several other law firms sinking by the sidelines.

What drives so much pleasure in pulling KCO down? I bet even Cyril, Zia or Shardul aren’t as excited for KCO to fail — as much as the junior lawyer audience base at LI.
Please 19 Apr 2021, 10:03
+2 -0
KCo is merely a pretender in that race. The junion lawyer audience base at LI truly wants only one firm to fail, and that's a floor below KCo at Ashoka Estate.
Kaun? 21 Apr 2021, 10:32
+0 -0
Which firm?Name please.Do Tell,maybe we can join Bangalore Delhi forces on the mission.
Lulli 21 Apr 2021, 10:44
+0 -0
How do you not know that? Humari baat kar raha hai
Guest 16 Apr 2021, 20:12
+8 -0
Really don't understand the kind of deal reporting oflate!

"Indus sells"? "Khaitan's Flipkart"? Really Kian, these are lawyers, not sellers or purchasers or brokers!
LLL000LLL 16 Apr 2021, 20:15
+5 -0
Why is it Indus sells, and not Khaitan purchases? lol
Guest 17 Apr 2021, 10:07
+9 -2
Just goes to show SAM couldn't hold and retain "Flipmart" - despite having represented Walmart on the Flipkkart buy. Kudos to the Khaitan team.
Sols 18 Apr 2021, 00:19
+3 -2
Looks like SAM not retaining "Flipmart" made your day! WTF man - get a life!
Commenting is closed for this article.