Shardul Amarchand Mangaldas advises Indiamart Intermesh on Series C round funding by Intel Capital, Amadeus Capital, WestBridge Capital and Accion Frontier
Shardul Amarchand Mangaldas & Co. acted as the legal counsel to Indiamart Intermesh in its Series C round of funding. Indiamart Intermesh owns and operates India’s largest online B2B platform ‘Indiamart’. The funding was led by Amadeus Capital, Westbridge Capital and Accion Frontier, and also saw participation from its existing investor Intel Capital.
The SAM & Co Team was involved in all legal aspects of the transaction including drafting, reviewing, negotiating and finalization of the term sheets and the transaction documents for the investment by the Investors into the Company. The Private Equity Team was led by Ms. Puja Sondhi, Partner and included Mr. Sumeet Singh, Senior Associate, Ms. Vasundhara Garg, Senior Associate Designate and Mr. Anant Mishra, Associate. Ms. Shraddha Krishnan Dash, Associate and Mr. Nagashayana S, Associate assisted with vendor legal due diligence.
As a part of the transaction, the Investors subscribed to the compulsorily convertible preference shares of the Company. Times Group is also an existing investor in the Company.
BMR Legal, Bangalore acted as the legal counsel to the Investors. The BMR Team was led by Mr. Siddharth Nair (Partner). Intel was advised by its in-house legal team.