Brother Fortune Apparel Ltd, Bennett Coleman & Company Ltd., Ontario Teachers’ Pension Plan Board and other investors have participated in the $200 million (Rs. 1367 crore) funding in Jasper Infotech Private Limited, owners of Snapdeal..IndusLaw acted for Snapdeal with a team led by Partner Srinivas Katta, Principal Associate Winnie Shekhar and Associates Piyush Bhawalpuria and Devya Sharma..Shearman & Sterling LLP Partner Sidharth Bhasin and Associate Jenny Fan acted forBrother Fortune..Bennett Coleman was represent by an in-house team of Vinod Joseph and Arjana Sinha. The external counsel was Weil, Gotshal and Manges LLP. The lawyers involved were Partner Tim Gardner, Counsel U-Hyeon Kwon and Associate Dianna Y Lee..AZB & Partners acted for Ontario Teachers’ Pension Plan. A team of Partner Darshika Kothari and Associates Vijay Sureka and Sayak Maity were involved in the transaction..According to ET, this round of funding makes Snapdeal the second-highest valued Indian startup, after Flipkart. Snapdeal had raised $500 million in August last year. During this round, Brother Fortune has invested Rs 335 crore, whereas Bennett Coleman has put in Rs. 25.49 crore.
