WestBridge Ventures and Shaadi.com Founder Clash Over SHA Clause Violation

• WestBridge Ventures and Shaadi.com founder Anupam Mittal are in a legal dispute over a Shareholders' Agreement (SHA) clause.
• The case spans multiple courts, including the Singapore High Court and Bombay High Court, and could set a precedent for future disputes.
• WestBridge invested INR 166 Cr in Shaadi.com in 2006, and the SHA granted them exit rights, including an IPO or buyback.
• Since 2017, disputes arose as Mittal failed to offer an amicable exit, leading WestBridge to exercise its buyback option.
• The drag-along rights could allow competitor Info Edge to take over Shaadi.com, jeopardizing its founders.

Source: INC42