JSA advised MUFG Bank Ltd. (MUFG) in relation to acquisition of stake in Shiprocket Limited (Shiprocket). Shiprocket raised ₹219 crore (approximately $26 million) in an extension of its Series E funding round.
Along with MUFG, KDT Ventures (the lead investor), Tribe Capital, SAI Global, and Huddle Collective, also participated in this round. MUFG Bank, Ltd is a Japanese bank and the core banking subsidiary of the Mitsubishi UFJ Financial Group, which is a leading global financial services group and one of the largest banking institutions in Japan.
Shiprocket is an ecommerce enablement platform providing digital retailers an end-to-end customer experience platform including but not limited to shipping, fulfilment, customer communication and marketing tools as well as providers for SMEs, D2C retailers, and social commerce retailers in India.
The transaction team comprised: Lead Partner — Lalit Kumar, Partner — Bharati Joshi, Senior Associate — Zarish Ali, and Associate — Muskaan Gupta.
The tax team comprised: Partner and Head of Practice, Direct Tax — Kumarmanglam Vijay, Partner — Surajkumar Shetty, Senior Associate — Divyam Mittal, and Associate — Harshita Agrawal.
The competition team comprised: Partners — Vaibhav Choukse and Ela Bali, Principal Associate — Nripi Jolly, Senior Associate — Aditi Khanna, and Junior Associate — Arundhati Rajput.
