J. Sagar Associates (JSA) advised US fund Fidelity Management & Research Company (Fidelity) in Delhivery Private Limited’s (Delhivery) fund raise of around USD 275 million (over Rs. 2000 crores). Fidelity led this round and invested around USD 125 million (Rs. 913 crores).
The other investors that participated included GIC, Singapore’s Sovereign wealth fund, Chimera Investments and Pacific Horizon Investment Trust, which is managed by Baillie Gifford & Co. Limited.
Delhivery is engaged in the business of logistics and supply chain.
JSA Team comprised Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Senior Associate – Amandeep Singh Virk and Associate – Manan Kapoor. Partner – Vaibhav Choukse, Principal Associate – Ela Bali and Associate – Aditi Khanna advised on the competition law aspect.