DK Business Network
Meesho, a leading Indian e-commerce company backed by SoftBank Vision Fund, has received approval from the National Company Law Tribunal (NCLT) to redomicile its parent entity, Meesho Inc., from the US (Delaware) to India. This move is being executed through a reverse flip, involving the merger of Meesho Inc. into its Indian counterpart, Meesho India.
Khaitan& Co Advises SoftBank Vision Fund
In this transaction, Khaitan& Co acted as legal counsel to SoftBank Vision Fund, one of Meesho’s key investors. The firm’s scope of work included advising on regulatory aspects of redomiciling, assisting in the review, negotiation, and finalization of the composite scheme of merger and demerger, and overseeing the transaction documents, including the shareholders’ agreement for the India-based entity.
Key Team Members
The Khaitan & Co team involved in the transaction included Bharat Anand (Senior Partner), Nidhi Killawala (Partner), Ishaan Chopra (Senior Associate), and Sakshi Garg (Associate). Partner Pranjal Prateek from Khaitan & Co also provided specialized legal advice on competition law matters, supporting the transaction’s successful navigation through regulatory channels.
Reflecting a Growing Trend in Indian Startups
This move reflects a growing trend among Indian startups shifting their legal bases back to India, driven by investor confidence and evolving regulatory clarity. The redomiciling of Meesho’s parent entity is expected to align with the company’s growth strategy and investor interests.
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