It took SoftBank several years, but the Japanese investment giant is now ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus. — Techcrunch Masayoshi Son-led SoftBank Vision Fund II has invested $4...

Khaitan & Co has bolted on the Chennai-based law firm Assentio Legal, which had been started by Thriyambak Kannan, Rohan Cherian and Renu Gopalakrishnan, who will join from 1 July with their team in Khaitan’s Chennai and Bengaluru offices.

Apax Partners has agreed to buy the software business of listed IT services company for ₹1,000 crore, in what would be the first PE buyout of an Indian software company. The software business that generates $60 million in revenues will be carved out of the main company through a business transfer ag...

Private equity giant Blackstone and Bengaluru developer Embassy Group will sell an office park they own in Bengaluru to a real estate investment trust they have jointly sponsored for Rs 9,782.4 crore ($1.3 billion). — VCCircle Khaitan & Co advised Embassy Office Ventures , led by a team of part...

Pine Labs, the digital payments and commerce solutions provider to merchants, said it has raised $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors—...

Aditya Birla group owned Grasim is forming a joint venture in India with Germany-based Maschinenfabrik Reinhausen for manufacturing and selling composite hollow core insulators (CHCI) that caters to industries like the power transmission and distribution industry globally, Grasim announced on Tuesda...

metadesc: Khaitan & Co advised Aditya Birla Fashion and Retail Limited led by its core team comprising partners Arindam Sarkar , Suhana Islam Murshedd , Shourya Sengupta and Sneh Lata with assistance from their due diligence team, senior associate Riya Dutta and associate Anwesha Sinha . Intell...

Fairtrade regulator on Tuesday said it has approved a combination proposal filed jointly by Keihin Corporation, Nissin Kogyo Co. Ltd., Showa Corporation and Hitachi Automotive Systems Ltd to form a joint venture between Honda Motor Co Ltd (HAMCL) and Hitachi Ltd. — Business Standard The transaction ...

Delhi-based Gamezop , a multi-game platform has raised Series A funding of Rs 32 crores ($4.3 million) from Bitkraft Ventures, Velo Partners, and FJ Labs. — YourStory Other investors involved in the funding round were AECAL Asian E-Commerce Alliance GmbH and Suvam Partners. Khaitan & Co advised...

Khaitan & Co has announced that it would open an office in Chennai later this year with a relocation from Mumbai and the hiring of dispute resolution independent counsel Arva Merchant as a local partner in the city.

Flipkart co-founder Sachin Bansal has acquired a general insurance company and applied for a bank licence, as he takes rapid strides to build a diversified financial services business after leaving the online retailer in 2018. — VCCircle Navi Technologies, owned by Sachin Bansal, acquired 100% of th...

Matrix Partners India along with Accel Partners have invested over INR 44 crores (USD 6 million approx) in an education startup, Openhouse Technologies on a Series A equity funding round, as reported by VC Circle . Rajaram Legal acted as the legal counsel for Matrix Partners India led by a team of p...

Schneider Electric, the leader in the digital transformation of energy management and automation, announces a strategic minority investment in Planon Beheer B.V. (“Planon”), a leading cloud-based software provider in Integrated Workplace Management Systems (IWMS). Subject to normal regulatory and le...

Private power transmission company Sterlite Power Grid Ventures Limited, the sponsor of infrastructure investment trust (InvIT) India Grid Trust (IndiGrid) has launched a sale of units to raise Rs 825 crore to Rs 850 crore, multiple sources with knowledge of the matter told Moneycontrol. — Moneycont...

“State-owned Bharat Petroleum Corporation (BPCL) is likely to sell up to 8.68 crore shares, or 4 per cent of the company equity, through a block deal… The company, according to bankers, has set a floor price of Rs 435 per share, a 6.8 per cent discount to Monday’s closing price of Rs 467.”, reported...

Khaitan & Co has internally rolled out a set of guidelines to improve staff and fee-earners’ well-being as the pandemic has caused turnovers and workloads to grow, while traditional physical office support networks and the ability to switch off have largely disappeared for many.

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 ...

Mohalla Tech, the parent company behind India’s leading short video app Moj and Indic language social media platform ShareChat has become the latest entrant to the Unicorn Club. The company has raised US$502 million in its latest round. With the new rounds of investment, the valuation stands a littl...

Khaitan & Co has promoted a total of 22 principal associates and counsel to salaried partner positions.

Khaitan & Co adding VoxLaw managing partner Udayan Choksi as a partner in indirect tax.