SoftBank-backed Meesho has secured the approval of the National Company Law Tribunal for the redomiciling of Meesho Inc. from the US (i.e., Delaware-incorporated entity) to India by way of a merger of Meesho Inc. into and with Meesho.

Khaitan & Co advised Softbank Vision Fund in relation to this reverse flip. The role of firm included advising on the regulatory aspects in relation to redomiciling to India; review, negotiation and finalization of the composite scheme of merger and demerger; review, negotiation and finalisation of the transaction documents (including but not limited to the shareholders’ agreement for the India entity) in relation to redomiciling; and assisting with execution and closing of the transaction.

The transaction team consisted of Bharat Anand (Senior Partner), Nidhi Killawala (Partner), Ishaan Chopra (Senior Associate) and Sakshi Garg (Associate).

Pranjal Prateek (Partner) advised on the competition law aspects of the transaction.

CMS INDUSLAW advised Elevation Capital and Peak XV Partners in relation to this reverse flip.

The transaction team advising Elevation Capital consisted of Stuti Agarwal (Partner), Nishihi Shah (Principal Associate) and Associates – Aparimita Choudhary and Akrama Javed.

Founding & Senior Partner, Suneeth Katarki and Partner Kaushik Mukherjee provided strategic inputs.

The transaction team advising Peak XV Partners consisted of Siddharth Manchanda (Partner) and Riya Gupta (Senior Associate).

Meesho is India’s leading online marketplace that empowers small businesses and individual entrepreneurs to thrive in the e-commerce space. Founded with the vision to enable small businesses, Meesho operates primarily as a resale platform, allowing users to start their own online stores without any upfront investment.

News Credits- Bar & Bench