Just-Eat, a UK based online ordering service has acquired a 60 percent stake in Achindra Online Marketing Private Limited which operates Hungryzone.com (an online food delivery platform)in  India. The acquisition amounts to approximately $10 million (Rs. 46 crore).

J. Sagar Associates acted as the Indian legal counsel to Just-Eat, with a team led by Partner Sajai Singh along with Senior Associate Probir Roy Chowdhury and Associates Ranganath C and Ankita Ray.

Bird & Bird advised Just-Eat with Corporate Partner Chris Barrett along with Associates Divya Sharma and Chris Charlton.

Corporate Partner Chris Barrett stated, “Just-Eat are a forward-thinking company and having assisted them with growth developments in the past, we were pleased to assist in this project”.

Achindra / Hungryzone management did not seek representation of any legal counsel.

The VC Circle reports that Just-Eat will invest a total of $5-10 million into Hungryzone.com. The first tranche has been completed and Just-Eat will gradually increase investment in Hungryzone over the next three years. A brand change may be in the works too and a final decision on this is likely by February. The acquisition will help Hungryzone with technology and strategic advice from Just-Eat.

Paginate