Khaitan Delhi, Samvad on $30m Fosun funding in Delhivery

Monday, 22 May 2017 By Legally India Private equity / VC

“E-commerce logistics services provider Delhivery has raised $30 million from Chinese conglomerate Fosun International. This additional investment is a part of the $100 Mn funding the company raised in March from The Carlyle Group, as indicated by ETTech. The company currently services 800 cities, 9000 pin codes with a network of 12 fulfilment centres. Delhivery claims it fulfils 10 million shipments a month,” reported Medianama.

Khaitan & Co Delhi partner Bharat Anand and senior associates Nidhi Killawala and Vrinda Agarwal acted for Fosun with senior associates Aishwarya Nagpal and Nitish Goel and associates Charu Chitwan, Anish Jaipuriar, Bharat Gupta and Vidhi Kotak and counsel Shailendra Bhandare.

Samvad Partners partner Ashwini Vittalachar acted for Delhivery.

Khaitan & CoSamvad Partners

Comments

Guest 22 May 2017, 11:45
+6 -4
10 people for 30 million dollar deal.. KCO is not using its resources well!
Alias 22 May 2017, 12:41
+3 -2
And you would think that Samvad Partner did it alone :P
LOL 22 May 2017, 13:03
+5 -2
It might be a question of policy adopted by different firms for external reporting. Some may give full credit to all juniors and some other firms not so much.
s-CAMmer 23 May 2017, 06:33
+6 -2
Not agreed, the real question is that do such small deals require so many resources? You may give credit to everyone but how come you needed so many hands on such a small deal! Even on bigger and more complicated matters, there is never such a big deal team. 4 SAs on a simple equity funding is "off-market".
Khaitan well-wisher 22 May 2017, 17:39
+5 -4
Go NK!
Guest 22 May 2017, 21:28
+0 -0
Kian, let's see how neutral you are. Will you cover this report on Nirma (an advertiser on your website) blocking email ids? Or will you just target GNLU?

http://ahmedabadmirror.indiatimes.com/ahmedabad/education/ilnu-blocks-students-email-ids/articleshow/58795577.cms
kianganz 22 May 2017, 21:43
+0 -0
Thanks for sharing - we've been looking into the story and hope to report soon.
Khaitan litigator 23 May 2017, 07:56
+0 -0
Why are my comments moderated?
Commenting is closed for this article.