JSA advised Microsoft Corporation (Microsoft) in the fund raising round of over USD 200 million of Udaan, a B2B e-commerce platform, which was launched in October, 2021. With this, Udaan has raised a total of USD 225 million. The securities issued will be converted into equity when Udaan raises its fund in the next round or during its planned initial public offering (IPO).
Udaan’s platform enables supply chain and logistics operations focused on B2B trade for daily delivery across 900+ cities and 12,000+ pin codes through udaanExpress. It enables financial products and services to small businesses, manufacturers, and retailers through udaanCapital to grow their business.
Deal value: USD 200 million.
JSA Team comprised of Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Principal Associate – Amandeep Singh Virk, Associate – Zarish Ali and Junior Associate – Pallavi Mall.
Partner, Head of Practice – Vaibhav Choukse and Principal Associate – Ela Bali advised on the competition law aspect.
Amandeep’s practice areas are general corporate commercial, mergers and acquisitions and private equity.