Deal Corner

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).

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel to Ravi Guruaj and QikPod for this investment.