Cyril Amarchand Mangaldas Advised Amazon On Proposed Acquisition Of CapFloat Financial Services (Axio)
Cyril Amarchand Mangaldas Advised Amazon On Proposed Acquisition Of CapFloat Financial Services (Axio)
Cyril Amarchand Mangaldas (“CAM”) advised Amazon in relation to a proposed 100% acquisition of the digital lending platform Axio (formerly Capital Float). Axio operates a non-banking financial company under the brand ‘axio’ and is focused on providing accessible, affordable and transparent retail credit products to underserved individuals and households to drive financial inclusion in India.
CAM had previously assisted Amazon with a Series G investment round in Axio in August 2024.
The acquisition is subject to the receipt of RBI approval and completion of other conditions precedent.
The transaction team at CAM was led by Arun Prabhu, Partner (Head - Technology); Sharada Ramachandra, Partner; Saurav Samaddar, Partner; with support from Arpita Sengupta, Principal Associate; and Marc Martin, Associate.
The TMT team led by Arun Prabhu, Partner (Head – Technology); with support from Arpita Sengupta, Principal Associate; Kanav Khanna, Associate; and Mansi Jain, Associate, advised on the due diligence and deal aspects.
The General Corporate team led by Sharada Ramachandra, Partner; with support from Arvind Velu, Principal Associate; Marc Martin, Associate; Anish Meduri, Associate; Ashwin Satheesh, Associate; and Rahi Dhuvad, Associate; advised on the due diligence and deal aspects.
The FSRP team led by Jian Johnson, Partner; Utkarsh Bhatnagar, Partner; with support from Hamraj Singh, Senior Associate; Ann Tomy, Associate; Yusuf Kathawala, Associate; and Anshum Agarwal, Associate; advised on the regulatory aspects of the transaction and finalisation of the RBI application.
The Employment team led by Bishen Jeswant, Partner; with support from Rohini Dayalan, Senior Associate; and Siddhi Kochar, Associate; advised on the due diligence and deal aspects.
The Competition team led by Vijay Pratap Singh Chauhan, Partner; advised on competition law aspects of the transaction.
The team led by Bharath Reddy, Partner; with support from Mayank Jain, Associate; and Sheetal Kumar, Associate; advised on ESOP-related aspects of the transaction.
The team led by Anuradha Mukherjee, Partner (Head - Disputes, North India); with support from Soumya Dasgupta, Principal Associate; and Aviral Singhal, Associate; advised on the founder payout structuring.
Ganesh Kumar, Senior Advisor; and Lily Vadera, Senior Advisor; provided their strategic inputs and guidance on the regulatory aspects of the transaction.
