DSK Legal advised NOW (TapTap Meals Private Limited), a B2B commerce platform and its promoters Vivek Pandey and Bharat Khandelwal and all the existing investors and shareholders including CK Jaipuria Group in selling their entire stake in NOW to Borzo (previously known as WeFast).
Borzo is a global crowdsourced same-day delivery marketplace operating in 10 countries. Its investors include Mubadala, VNV Global, RDIF, Flashpoint Venture Capital.
NOW was launched in 2015, as a B2B commerce platform for micro retailers. With a fleet of over 1,500 riders, NOW has nearly 2 million orders yearly for KFC, Pizza Hut, Apollo Pharmacies, Amazon, and numerous different companies.
DSK Legal assisted NOW in inter alia: (i) structuring of the entire transaction; (ii) reviewing, revising and negotiating of the Share Purchase Agreement; and (iii) Closing of the transaction.
The DSK core team representing NOW, for the transaction comprised of Harvinder Singh, Partner (who acted as the lead partner on the transaction), Shruti Dogra, Principal Associate and Manhar Gulani, Associate.
Mr. Aparajit Bhattacharya, Partner, acted as the relationship partner and provided strategic inputs on the transaction.