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Latham & Watkins Advises VEON in Strategic Investment into ShopUp

November 2, 2020
Cross-border team represents first strategic corporate investor in Bangladesh’s leading full-stack B2B commerce platform.

Latham & Watkins advised VEON Ltd., through VEON Ventures, on a strategic investment into ShopUp. VEON has joined Sequoia Capital India and Flourish Ventures as the first strategic corporate investor in ShopUp, Bangladesh’s leading full-stack B2B commerce platform for small businesses.

The investment enables VEON Ventures to support ShopUp’s fast-growing digital ecosystem for micro, small and medium-sized enterprises, which form a vital backbone of Bangladesh’s economy, as well as providing significant opportunities for developing mobile financial services for ShopUp’s users.

The Latham team was led by London corporate partners Mike Turner and Nick Cline, with associates Samantha Peacock and Angharad Simon, and Singapore corporate partner Marcus Lee with associate Sarah Soh.