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Lightspeed Venture Partners has invested $10 million (around Rs. 68 crore) in B2B online marketplace Udaan.com.
|Deal||Lightspeed Venture Partners invests in Udaan.com|
|Value||$10 million (around 68 crore)|
|Deal Type||Private Equity|
|Law Firms||Link Legal – Lightspeed Venture Partners; Nishith Desai Associates– Udaan.com|
|Partners/Heads||Link Legal – Manish Gupta; Nishith Desai – Vaibhav Parikh|
Link Legal India Law Services advised Lightspeed through a team led by Partner Manish Gupta and also comprising Associates Suraj Meher, Ashish Ahluwalia and Abhishek Dwivedi.
Nishith Desai Associates acted for Udaan, through Partner Vaibhav Parikh and Associate Poonam Sharma.
Udaan was founded by three former top executives of Flipkart, namely Sujeet Kumar, who led WS Retail Pvt. Ltd, Amod Malviya, who was ex-CTO Vaibhav Gupta, former Senior VP.