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.
Dhruv regularly advises clients on transactional and advisory matters. His primary experience areas are mergers and acquisitions, private equity, and cross border investments.