Lakshmikumaran & Sridharan | View firm profile
New Delhi, January 16, 2025: Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel for IndiaMART InterMESH Limited (“IndiaMART”), India’s largest B2B marketplace, in secondary acquisition of securities of Mobisy Technologies Private Limited (“Mobisy”).
Mobisy operates Bizom, a SaaS based end-to-end retail intelligence platform for brands and B2B retailers. The platform allows businesses to digitize the end-to-end sales and distribution platform from sales force automation, distributor management system, and retail execution and management. IndiaMART was an existing investor in Mobisy.
The transaction also entailed the acquisition of the existing investor securities by J&A Partners and Pavestone Technology Fund, as well as primary issuance of securities of Mobisy to the said investors. Further, the compulsorily convertible debentures, previously subscribed by IndiaMART, were also converted into compulsorily convertible preference shares of Mobisy.
The current investment in Mobisy is a part of IndiaMART’s strategic investment and in-line with its long-term objective of venturing into software-as-a-service space.
LKS acted as the legal counsel for IndiaMART and advised on all aspects related to the transaction. The role involved advising on the transaction structure and negotiation and finalization of the transaction documents.
The core LKS team included Kunal Arora (Partner), Anupam Misra (Associate Partner), Mitushi Garg (Senior Associate), and Jeevesh Jain (Associate).
Mobisy was represented by Quillon Partners; Pavestone Technology Fund and J&A Partners were represented by JSA Advocates & Solicitors; and SIDBI Venture Capital Limited, an existing investor in Mobisy, was represented by ALMT Legal, Advocates & Solicitors.
About Lakshmikumaran & Sridharan attorneys
Lakshmikumaran & Sridharan (LKS) is a premier full-service law firm in India, specializing in areas such as corporate & M&A/PE, dispute resolution, taxation and intellectual property. The firm, through its 14 offices across India, works closely on litigation and commercial law matters, advising and representing clients both in India and abroad. The firm has handled thousands of litigation cases before various forums including hundreds of disputes before the Supreme Court of India. Over the last nearly 4 decades the firm has worked with over 15,500 clients which range from start-ups, small & medium enterprises, to large Indian corporates and multinational companies.
The professionals within the firm bring diverse experience to service clients across sectors such as automobiles, aviation, consumer electronics, e-commerce and retail, energy, EPC, financial services, FMCG, hospitality, IT/ITeS, logistics, metals, mining, online gaming, pharma and healthcare, real estate and infra, telecom and media, and textiles. The firm takes pride in the value-based, client-focused approach that combines knowledge of the law with industry experience to design bespoke legal solutions.
The firm’s driving principles to achieve our vision are integrity, knowledge and passion.
For more details contact:
Arnab Bhattacharya
+91 8287613705
Sakshi Sharma
+91 9521867484