India - Lightstone Fund S.A. (“LGT”) Investment In Smartshift Logistics Solutons Private Limited Operating Under Brand Name ‘Porter’.
Legal News & Analysis - Asia Pacific - India - Capital Markets
15 April, 2020
Lightstone Fund S.A. (“LGT”) invested an amount of INR 140 crores (approximately USD 20 million) in Smartshift Logistics Solutons Private Limited operating under brand name ‘Porter’. Porter is a logistics company which is in the business of providing logistics services and is termed as ‘uber for trucks’.
Role - Jerome Merchant + Partners advised Lightstopne Fund S.A./LGT
Members of JM+P team: The team was led by Partner Sameer Sibal along with Associate Rishabh Amber Gupta and Nirav Bakshi.
Other Legal Advisor 1: Verist Law advised the Company, led by Partner Shristi Ojha along with Senior Associate Suswagata Roy.
Other Legal Advisor 2: Algo Legal advised the existing investor, Sequoia Capital, led by Partner Siddharth Manchanda.
Other Legal Advisor 3: Mahindra and Mahindra Limited, existing investor in the Company, were advised by their in-house legal counsel.