J. Sagar Associates (JSA) advised Raag Technologies and Services Private Limited (“Company”) and its promoters in connection with the 100% acquisition made by Spoton Logistics Private Limited, the logistics arm of Samara Capital (“Acquirer”). The Company is engaged in the business of warehousing and logistics services. Spoton Logistics started its journey in 2012, when a private equity firm ‘India Equity Partners’ bought the domestic business from TNT India. In 2018, Spoton partnered with a consortium of investors led by Samara Capital to invest into and build out the next stage of Spoton’s growth. Spoton Logistics provides logistics services to an array of sectors viz. Hi-Tech, Automotive, Engineering, Pharmaceutical, Electronics & Electricals and Lifestyle & Retail. They operate pan India covering 230 + locations and over 20,000+ pin codes.
The Acquirer purchased 65% of the share capital of the Company on closing date and has a commitment to purchase the balance 35% over a period of three years based on performance.
The JSA team comprised Partners – Aarthi Sivanandh and Bhavana Alexander and Associate –Saibarath Seshadri.
