Induslaw Series B client Olacabs matures into $200m M&A of TaxiForSure, opposite Amarchand, BMR

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Monday, 2 March 2015 By Legally India Corporate M&A

Induslaw represented Olacabs, which must fast be turning into one of its most high-profile and valuable clients, in a $200m takeover of its second-largest rival TaxiForSure, according to Mint.

Indus Delhi partner Gaurav Dani with senior associates Divya Varghese and Jinni Sinha acted for Ola, which had been a firm client since its Series B investment, Dani said in November of last year after advising the cab company on a $210m SoftBank investment.

Amarchand Mangaldas Bangalore partner Reeba Chacko acted for Taxi For Sure’s investors, Accel Partners, Bessemer Venture Partners and Helion Venture Partners, who will receive Ola shares as part of the deal.

BMR Legal Amit Khansaheb acted for TaxiForSure co-founders Aprameya Radhakrishna and Raghunandan G, who will move to advisory roles after the takeover.

The cash-and-stock deal includes 1,700 employees who will all remain employed in the separate TaxForSure entity, where nothing would change for customers.

IndusLawBMR LegalAmarchand Mangaldas

Comments

Boutique 2 Mar 2015, 15:04
+6 -5
Wonder what the boutique firms are doing in bengaluru... Induslaw is doing good..
Others 2 Mar 2015, 15:43
+3 -7
[quote name="Boutique"]Wonder what the boutique firms are doing in bengaluru... Induslaw is doing good..[/quote]
Induslaw, Tatva and Samvaad in Bangalore are better than the biggies. They all seem to be doing marquee work in Bangalore.
Indus 3 Mar 2015, 18:11
+10 -1
Induslaw focusses on quantity. They are a factory who produce documentation for these startups. Nothing wrong though, but they cannot be called a traditional law firm and hence a boutique.
Really... 4 Mar 2015, 11:54
+2 -3
Really.. have never heard of Induslaw...
Legal Eagle 3 Mar 2015, 06:07
+5 -12
Why would anyone consider IndusLaw a 'boutique' law firm when apart from PE/M&A, they have a very credible litigation, corporate advisory, project finance, infrastructure, banking and a real estate practice!! Incredible how all first generation lawyers, with no foreign law firm backing have made such a mark in a short span of time.
Mohenjodaro 4 Mar 2015, 19:43
+4 -1
[quote name="Legal Eagle"]Why would anyone consider IndusLaw a 'boutique' law firm when apart from PE/M&A, they have a very credible litigation, corporate advisory, project finance, infrastructure, banking and a real estate practice!! Incredible how all first generation lawyers, with no foreign law firm backing have made such a mark in a short span of time.[/quote]

And, you say "short span of time"?? Boss, 15 long years...Seriously, short!!
Name or alias 3 Mar 2015, 07:05
+7 -1
CCI - where art thou?
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