Three private equity funds Investcorp, Norwest Venture Partners and Gaja Capital together invested about Rs 800 crore ($110 million) to acquire about 31% stake in Xpressbees, the E-commerce focused end-to-end supply chain solutions provider.

— The Economic Times

IndusLaw advised Busybees Logistics Solutions Private Limited , operating as Xpressbees, led by a team of senior partner Suneeth Katarki and partner Winnie Shekhar, with associates Rashi Bharadwaj, Pavani Nath and Mahima Selvakumar.

Nishith Desai Associates advised Special Situation Investment A Pte Ltd led by a team including leader Simone Reis, leader Abhinav Harlalka and member and lawyer Devanshi Jaiswal.

Shardul Amarchand Mangaldas & Co represented Norwest Venture Partners X - Mauritius.

Update 20 November 2020: Shardul Amarchand Mangaldas & Co. advised Norwest Venture Partners led by a transaction team of partner Puja Sondhi, partner Sumeet Singh, senior associate Kartik D Monga, associate Meghna De, associate Shraddha Desai, associate Harjas Singh. Also advising were associate Rachel Noronha, associate Meghna De.

The transaction team for Paytm was led by Shardul Amarchand Mangaldas partner Raghubir Menon and senior associate Tanya Choudhary.

Cyril Amarchand Mangaldas represented Gaja Capital Fund II Limited and Gaja Capital India AIF Trust.

2020-11-09

Deal value: $110m

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