Grofers gets new GC: Verus partner Siddharth Bhavnani joins trendy hyperlocal half-unicorn.

Verus Advocates corporate and VC/PE partner Siddharth Bhavnani has joined start-up Grofers as its first General Counsel (GC). Bhavnani had joined Verus in 2014 from Dua Associates breakaway Tatva Legal.
Bhavnani, who had begun his career at Dua Associates after graduating from the University of Leicester in the UK in 2006, commented: “I’ve been working with (Grofers) now for a year as external counsel while I was Verus, and had the opportunity for a closer commercial relationship.”The start-up delivers groceries and other items from local shops direct to the consumers’ doorsteps via its smartphone app.Grofers latest funding round of $120m in November 2015, led by Softbank, valued the company at just under $400m – just $600m shy of much-vaunted (and largely meaningless) proverbial unicorn territory.
The main law firm beneficiary in the fundraisings, have been Shardul Amarchand Mangaldas and a range of private equity and venture-capital specialized firms.
Submitted by:- JASJIT PRANJAL .