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
Samvad
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.