DSK Legal advises NOW in selling stake to Borzo

LE Desk

New Delhi, January 3, 2021: DSK Legal has advised NOW (TapTap Meals Private Limited), a B2B commerce platform, 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).

DSK Legal assisted NOW in inter alia structuring of the entire transaction; reviewing, revising and negotiating of the Share Purchase Agreement; and closing of the transaction, the Law Firm said in a press statement.

The deal was closed on December 17, 2021, it said.

The DSK core team representing NOW for the transaction comprised of Harvinder Singh, Partner; Shruti Dogra, Principal Associate; and Manhar Gulani, Associate.Aparajit Bhattacharya, Partner, acted as the relationship partner and provided strategic inputs on the transaction, the statement said.

Borzo was represented by Kochhar & Co.

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.