JSA advised B Capital in respect of its primary investment in Meesho Inc. (Meesho), a company engaged in the business of operating the website www.meesho.com and the associated mobile application in India, which facilitates sale and purchase of goods between the suppliers and the resellers or buyers, through its subsidiaries Fashnear Technologies Private Limited, Meesho Payments Private Limited and Popshop Commerce Private Limited. The investment also saw participation from other marquee investors. The total amount raised by the Company in the primary round was approximately US$ 570 million. Meesho has more than doubled its valuation in less than six months. About 80% of resellers on the platform are women and Meesho aims to help women start their business Khaitan & Co. Advises Tata Motors Khaitan & Co. acted as legal counsel to Tata Motors for the transaction documents and structuring (including drafting, negotiating, finalising the transaction documents) and general legal advisory. Agreement happened between Tata Motors and TPG Rise Climate where TPG Rise Climate shall invest in a subsidiary of Tata Motors to be incorporated. TPG Rise Climate along with coinvestors, ADQ, shall invest Rs 7,500 Cr to secure between 11% to 15% stake in Tata Passenger Electric Mobility, translating to an equity valuation of approx. $9.1 bn. Part of the USD 109 billion Tata group, Tata Motors Limited, a USD 34 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and amongst the top three in the passenger vehicles market. The core transaction team comprised of Haigreve Khaitan (Partner), Zakir Merchant (Partner), Ashraya Rao (Partner), Vidur Sinha (Principal Associate) and Purti Minawala (Principal Associate). The core transaction team was assisted by Lipi Rawat (Senior Associate) on matters of corporate governance. Total consideration of the deal was for INR 7,500 Crores (in tranches). without need for any capital. Meesho intends to use the capital to double down on its research and development (R&D) teams and acquire more users. It aims to reach 100 million monthly transacting users by December 2022.The fund raise was part of strategic transaction for expansion of the company and benefits of its employees.

The fund raise doubled Meesho’s valuation to USD 4.9 billion. The Deal value was USD 570 Million.