J. Sagar Associates (JSA) advised Le Travenues Technology Limited (ixigo) in its acquisition of the business of Abhibus Services (India) Private Limited.deal
The business comprises the operation of the website www.abhibus.com and certain apps for booking of bus, train, and hotel, which operates an online marketplace for bus tickets, trains and hotel rooms in India. The transaction was an acquihire transaction with two stages to accommodate certain commercial considerations, which is uncommon in business acquisitions. The business transfer and acquihire including transfer of registered trademarks and copyrights had to be done in a very short period of time. Given the industry the target operates in, transfer of material contracts was a key issue which had to be dealt with carefully.
K&S Partners advised on the transfer of intellectual property with a team comprising Partners – Latha Nair & Ashish Kanta Singh and Associate – Rinky Kumari.
JSA team comprised Joint Managing Partner – Vivek K. Chandy, Partner – Archana Tewary, Senior Associate – Aditi Aggarwal, Associates – Sandesh Atyam & Aishwarya Gupta, and Junior Associate – Sneha Mohanty.