Dealstreet

Link Legal, Nishith Desai on Lightspeed’s $10 million investment in Udaan

Bar & Bench

Lightspeed Venture Partners has invested $10 million (around Rs. 68 crore) in B2B online marketplace Udaan.com.

DealLightspeed Venture Partners invests in Udaan.com
Value$10 million (around 68 crore)
Deal TypePrivate Equity
SectorE-commerce
Law FirmsLink Legal – Lightspeed Venture Partners; Nishith Desai Associates– Udaan.com
Partners/HeadsLink Legal – Manish GuptaNishith 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.

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