Laxmikumaran And Sridharan Advises IndiaMart In Relation To Partial Sale In Instant Procurement Services

Laxmikumaran And Sridharan Advises IndiaMart In Relation To Partial Sale In Instant Procurement Services


The deal team also included Mr. Anupam Misra, Principal Associate Ms. Dikshita Damodaran, Senior Associate, Ms. Anjali Menghani, Senior Associate and Mr. Kumar Mangalam, Associate.

Lakshmikumaran and Sridharan (LKS) advised IndiaMART Intermesh Limited (“IndiaMART”) in relation to a partial sale of their stake in Instant Procurement Services Private Limited which operates ‘ProcMart’ a B2B procurement portal for industrial buyers as part of a larger investment round in ProcMart led by Sixth Sense Ventures.  This deal involved selling of shares held by Tradezeal Online Private Limited, a subsidiary of IndiaMART.

LKS assisted in negotiation and finalisation of the transaction documents.  The transaction team at LKS was led by Kunal Arora, Partner. The deal team also included Mr. Anupam Misra, Principal Associate Ms. Dikshita Damodaran, Senior Associate, Ms. Anjali Menghani, Senior Associate and Mr. Kumar Mangalam, Associate.

Sixth Sense Ventures was represented by Thinking Legal with the team led by Ms. Vaneesa Agarwal, Partner while ProcMart was represented by Sequitur with the team led by Mr. Utpal Kant, Partner.



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