JSA advised and assisted Oman India Joint Investment Fund (“OIJIF”) in its primary investment in Shop Kirana E Trading Private Limited (“ShopKirana”).
ShopKirana is a B2B grocery start-up which works directly with brands and gives them a boost on distribution with market intelligence. It currently works with 50,000 kirana stores in eight cities across four states —Madhya Pradesh, Uttar Pradesh, Rajasthan and Gujarat.
OIJIF was a lead investor in the Series C fund raise by ShopKirana, which also saw participation from Info Edge and Sixth Sense Ventures. As part of the transaction, OIJIF will also purchase securities from existing investors.
JSA transaction team comprised Lead Partner – Sidharrth Shankar, Partner – Prakriti Jaiswal, Principal Associate – Shweta Gupta and Senior Associate – Dhruv Malhotra.
JSA diligence team comprised Of-Counsel – Nikhil Ratti Kapoor, Associate – Vidur Prabhakar, Junior Associate – Diksha Kaul.
Prakriti specialises in mergers & cross border investments & acquisitions and private equity transactions. Her experience includes rendering advisory and structuring services on a variety of transactions including acquisitions of shares & business, private equity investments, joint ventures and corporate advisory.
Sidharrth specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity. He has been representing multi-national companies in cross-border transactions, advising on foreign direct investments, outbound investments, joint ventures, technology transfers, retail & franchising and commercial contract issues.