Khaitan & Co Advised General Catalyst on Investment in Scapia Technology Private Limited
The leading law firm in India, Khaitan & Co advised General Catalyst in relation to its investment in the Series C round of Scapia Technology Private Limited (“Scapia”), led by General Catalyst, for a total consideration of approximately USD 63 million.
Scapia is a private company engaged in providing travel-related services including visa processing, tour packages, transport and accommodation bookings. It is also engaged in marketing and distributing co-branded credit cards (including for travel), providing Unified Payment Interface services through the ‘Scapia app’, credit card bill payment services via Bharat Bill Payment System, and credit card reward management services.
The Firm assisted General Catalyst in the following:
- (i) Conducting legal due diligence on Scapia;
- (ii) Reviewing and negotiating the transaction documents; and
- (iii) Wxecution and closing-related aspects of the transaction, including review of documents relating to conditions precedent and closing, as well as tracking completion of conditions precedent.
The core transaction team from Khaitan & Co consisted of Bharat Anand (Senior Partner), Nidhi Killawala (Partner), Ayushi Mishra (Counsel), Sakshi Garg (Associate) and Anannya Wal (Associate).
Khaitan & Co advised on regulatory aspects through Smita Jha (Partner), Akshay Ferdinand (Senior Associate) and Ananya Giri Upadhya (Associate). On IP aspects, the team included Nirupam Lodha (Partner), Shivangi Narang (Principal Associate) and Palak Dwivedi (Associate). On competition law aspects, the team comprised Pranjal Prateek (Partner) and Armaan Gupta (Principal Associate).
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