MTC Advises Bazaar Tech on Acquisition of Keenu

Mohsin Tayebaly & Co. acted as buy side legal advisor on behalf of Bazaar Technologies (Private) Limited for its 100% acquisition of Keenu, a digital payments platform, to integrate ecommerce and payment infrastructure in Pakistan.

Bazaar Tech is one of Pakistan’s largest e-commerce startup serving thousands of SME businesses and consumers with a one stop digital platform to procure grocery/inventory. The acquisition of Keenu is a step ahead in Bazaar Tech’s vision to digitize the E2E supply chain for grocery trade.

The transaction was subject to approval from the State Bank of Pakistan and the Competition Commission of Pakistan, which were successfully obtained.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and Sanaa Jaleel Ahmed (Senior Associate).