India:
QikPod Raises Funding From Accel Partners, Flipkart, Delhivery And Foxconn Mobile
04 December 2015
Nishith Desai Associates
To print this article, all you need is to be registered or login on Mondaq.com.
DEAL BRIEF
LeapMile Logistics Private Limited
("QikPod") along-with its founder and
CEO Ravi Gururaj, has entered into definitive documents to raise
USD 9 (Nine) million from Accel Partners, Flipkart, Delhivery and
Foxconn Mobile.
QikPod is a simple, convenient and secure cloud-enabled, IoT
(Internet-of-Things) product and service company, which will look
to set up a network of fully-automated, self-serve and smart
lockers will help reduce the hassle of re-delivering couriers when
customers are not physically present.
Ravi Gururaj, a serial entrepreneur is a well-known presence in
the Indian start up network, has co-founded, mentored and advised
several startups and is currently the chair of the NASSCOM Product
Council as well as a member of the NASSCOM Executive Council.
Press coverage relating to the QikPod is available
here (Economic Times),
here (Times of India) and
here (VCC Circle).
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from India
Private Equity And M&A In India: What To Expect In 2024?
Nishith Desai Associates
2023 was a year of unexpected headwinds, such as the hiking of interest rates by governments across the world, the banking sector instability in the US and Europe, the Russia-Ukraine and Israel-Hamas conflict, to name a few.
Revisiting Representation And Warranty Clauses
Obhan & Associates
Clauses related to representations, warranties and indemnifications are widely negotiated clauses of commercial contracts especially in M&A transactions. The interests of the parties to a contract typically do not align with respect ...
A Guide To Share Purchase Agreements
Gravitas Legal
Share Purchase Agreement is an agreement entered into between the buyer and seller(s) of shares of a target company. Usually Share Purchase Agreements entail that the buyer would be taking over...
ESOPs And SARs: From Ownership To Appreciation
Alaya Legal
Louis Ortho Kelso, a political economist and lawyer, back in 1956, created the first employee stock ownership scheme based on his belief that the ownership of a company...