Khaitan & Co Advised General Catalyst on Series H Investment in Zepto
The leading law firm in India, Khaitan & Co advised General Catalyst in relation to its investment in the Series H investment round (led by General Catalyst) alongside other existing investors in Zepto for a total consideration of approximately USD 450 million at USD 7 billion valuation.
General Catalyst is a global investment and transformation company partnering with ambitious entrepreneurs to drive resilience and applied AI. The firm has supported the growth of over 800 businesses, including Airbnb, Anduril, Glean, Guild, Gusto, Helsing, Hubspot, Kayak, Livongo, Mistral, Ramp, Samsara, Snap, Stripe, and Zepto.
Zepto is a private company engaged in wholesale trading across groceries, pharmaceuticals, apparel, consumer devices, and operates a marketplace platform for such products, along with related ancillary activities.
Khaitan & Co assisted General Catalyst in legal due diligence, negotiations, transaction document marking, and closing of its investment in Zepto.
The core transaction Khaitan & Co team comprised Bharat Anand (Senior Partner), Nidhi Killawala (Partner), Anupama Singh (Principal Associate), and Aastha Agarwalla (Associate).
The team was supported by Pranjal Prateek (Partner) and Armaan Gupta (Senior Associate) on competition law aspects.
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