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Samvad, Luthra, Clifford C, Gunderson act on $100m Carlyle, Tiger investment into Delhivery

Samvad Partners acted for Delhivery Private Limited on its Rs 650 crore ($100m) investment by private equity giant Carlyle Group along with Tiger Global.

The Samvad team was led by partner Ashwini Vittalachar and associate Riddhima P Murjani, associate Merlyn Abraham associate Apoorva Chandrika.

Samvad partner Harish Narasappa and consultant Sanjeet Malik also assisted.

Luthra & Luthra along with Clifford Chance acted for Carlyle.

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian advised Tiger.

Aditi Shah wrote in Mint:

Carlyle Group acquires minority stake in logistics firm Delhivery

The Carlyle Group has acquired a minority stake in Indian logistics firm Delhivery, while existing investor hedge fund Tiger Global also raised its stake, for a combined investment of more than $100 million, the buyout fund said on Friday.

The investment comes amid expectations that India’s logistics sector is set to expand strongly as the country unveils a new unified national sales tax and through growing online retail sales.

Delhivery was founded in 2011 as a food delivery company but has since shifted to providing logistics services in more than 600 Indian cities through 12 fulfilment centres.

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