JSA advised the Stripe Group (“Stripe”) one of the world’s most valued fintech companies, on its acquisition of Recko Inc and its Indian subsidiary Recko Software Private Limited (collectively, “Recko“). Founded in 2017 and based out of Bangalore, India, Recko has built a platform that lets businesses track and automate payments reconciliation, covering both outgoing and incoming payments and the full ecosystem of inbound and outbound payment sources and receivers. This is Stripe’s first acquisition in the country. The transaction involved complex deal structuring and documentation. JSA’s role in the transaction involved spearheading the due diligence at the India level, transaction structuring and documentation including in relation to the India leg of the transaction. JSA is also assisting with the closing of the transaction which is expected to be consummated in the next few weeks.
JSA lead team comprised Joint Managing Partner – Vivek Chandy, Partner – Pallavi Puri, Partner – Archana Tewary, Senior Associate – Aditi Aggarwal, Associate – Aishwarya Gupta, Associate – Pranavi Pera, Associate – Shramana Dwibedi, and Junior Associate – Sneha Mohanty, Partner (Employment Team) –Minu Dwivedi, Partner (Taxation Team) – Kumarmanglam Vijay, Partner (Taxation Team) – Manish Mishra, and Senior Associate (Taxation Team) – Shikha Parmar.
Archana has worked in private equity, capital markets and general corporate teams and has primarily worked on investments by private equity investors in unlisted companies and offerings of equities and securities by listed and unlisted companies.
Kumarmanglam has extensive experience in matters relating to direct and indirect taxation (including international taxation, transfer pricing, litigation and M&A tax), Accounting, and Corporate Law including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.
Manish has more than 23 years of experience in Indirect taxation across Industry, Consulting and law firms.
Minu’s practice spans a wide spectrum of Corporate Commercial laws which includes advising & assisting clients on matters and issues relating to Labour, Employment, Education, Foreign Direct Investment, Environment, Biodiversity, Food, Retail, Manufacturing, Legal Metrology and conducting FCPA, Anti-Corruption, Bribery, Disciplinary, Workplace Investigations, POSH Conciliations / Inquiries and Ethics and HR Audits.
Shikha has over 10 years of diverse professional experience in handling Indirect tax, audit, accounts and general corporate financial affairs of various clients.
Vivek assumed office as the Joint Managing Partner of the Firm from January 2019. He has over 30 years of experience in areas of private equity, mergers and acquisitions, corporate commercial work and real estate advisory in India.