On-demand logistics company Shadowfax is acquring the business assets of NuvoEx, an ecommerce-focused logistics business, for an undisclosed amount..Avigna Law acted for Shadowfax and the team was led by Partner Chitra Raghavan along with Associate Shriya Kuruparan..Samvad Partners advised Nuvo Logistics with a team led by Partner Nivedita Nivargi and Associate Neeraj Vyas..The transaction size was not disclosed, but according to sources, it is a cash transaction and for a fraction of what the company was worth at its peak in 2015, reported ET..The deal will help the merged business expand its services to over 75 cities to facilitate over 90,000 transactions daily.
On-demand logistics company Shadowfax is acquring the business assets of NuvoEx, an ecommerce-focused logistics business, for an undisclosed amount..Avigna Law acted for Shadowfax and the team was led by Partner Chitra Raghavan along with Associate Shriya Kuruparan..Samvad Partners advised Nuvo Logistics with a team led by Partner Nivedita Nivargi and Associate Neeraj Vyas..The transaction size was not disclosed, but according to sources, it is a cash transaction and for a fraction of what the company was worth at its peak in 2015, reported ET..The deal will help the merged business expand its services to over 75 cities to facilitate over 90,000 transactions daily.
