Themis, IndusLaw, MD&T, JSA act on PineLabs acquisition of Amazon-backed Qwikcilver
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Themis, IndusLaw, MD&T, JSA act on PineLabs acquisition of Amazon-backed Qwikcilver

Bar & Bench

Payments startup PineLabs has acquired Amazon-backed Qwikcilver, a gift card technology startup for over INR 650 Crores

Themis Associates acted for Pine Labs along with Pine Labs legal counsel – Abhishek Dwivedi. The Themis team was led by Partner Amritha Salian along with Senior Associates Alimpan Chatterjee and Srivani Tyarla, Associates Shruti Mahajan, Anupam Datta Roy, Utsav Gandhi, Shivani Setty and Anmol Jain.

IndusLaw acted for two largest existing investors – Accel and Helion in Qwikcilver Solutions. The team was led by Partners Srinivas Katta and Anindya Ghosh, along with Associates Ajay Randhawa and Abhishresth Goswami.

Qwikcilver promoter, Kumar Sudarsan, was advised by MD&T Partners’ Mahesh Devaiah and Sandhya P.V.
and Senior Associate Sridip Sural.

J. Sagar Associates (JSA) advised Amazon Asia-Pacific Resources along with Amazon’s internal legal counsel – Hina Doon. JSA also acted for Sistema Asia Fund Pte. Ltd., existing investors in Qwikcilver Solutions.

The JSA Team advising Amazon comprised Joint Managing Partner Vivek K. Chandy, Partner Archana Tewary and Principal Associate Siddharth K. Vedula.

The JSA Team advising Sistema comprised of Partner Rohitashwa Prasad and Associate Anshu Bansal.

Tax Counsel for Amazon Asia-Pacific Resources Pte Ltd was Khaitan & Co Partner Bijal Ajinkya and Senior Associate Jimmy Bhatt

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