Khaitan & Co advised WestBridge Capital on USD 180 million Series D round of investment in Roppen Transportation Services Private Limited (Rapido).
| NO | HEADINGS | DETAILS |
| 1. | Sector | E-commerce |
| 2. | Announcement Date | 18-Apr-2022 |
| 3. | Completion Date | 15-Apr-2022 |
| 4. | Name of Client | Westbridge Capital |
| 5. | Investor Details | Westbridge AIF I MMPL Trust Konark Trust | India |
| 6. | Investee Details | Roppen Transportation Services Private Limited | India |
| 7. | Deal Description | Advised WestBridge Capital on USD 180 million Series D round of investment in Roppen Transportation Services Private Limited (Rapido), led by Swiggy with WestBridge investing USD 30 million as the largest existing investor. |
| 8. | Total Consideration | USD 180 million |
| 9. | Team Members | The core team consisted of Sanjay Khan Nagra (Partner), Vishakha Sharma (Senior Associate), Meghana Sapuram (Associate) |
| 10. | Role of Firm | Representing WestBridge AIF I in this investment round. Work involved was reviewing and negotiating transaction documents of behalf of WestBridge. |