Tuesday, March 5, 2024
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Samvad for Delhivery on $275m mega investment with JSA, Touchstone, Trilegal, L&L for investors

New age logistics and supply chain startup Delhivery has raised around $277 million, or over Rs 2,000 crore in a new funding round led by US-based Fidelity with Singapore’s sovereign wealth fund GIC also participating, latest regulatory filings accessed by ET showed.

The Economic Times

Samvad Partners advised Delhivery led by a team of partner Ashwini Vittalachar, senior associate Riddhima P Murjani, senior associate Gauri Khanna and associate Sindhujaa Nayak.

J Sagar Associates (JSA) acted as the legal counsel to the lead investor Fidelity Investors in the deal.

Touchstone Partners advised Singapore-based investor GIC, led by a team including partner Ruchir Sinha, and lawyers Shreyas Bhushan and Sanjana Bhatnagar.

Trilegal advised Ballie Gifford led by a team including corporate team partner Gautam Singh; counsel Nirmal Mahtani; senior associate Mitali Halbe; associates Nandita Bhakta and Bhavna Srinivasan. Competition team partner Nisha Kaur Uberoi; counsel Rahul Satyan; senior associate Rishabh Juneja; associate Ankita Dhawan.

L&L Partners represented existing investor Carlyle in the funding round.


Deal value: Over INR 2000 crores (USD 275 million)

This deal report is based on a firm’s press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

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