Khaitan & Co advised WestBridge Capital on USD 180 million Series D round of investment in Roppen Transportation Services Private Limited (Rapido)

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.

Join the discussion

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.