Shardul Amarchand Mangaldas & Co. advised Onsitego Electro Services Private Limited (Onsitego) in its investment in Digi2L. The post-closing shareholding of Onsitego in Digi2L is 26%.
The Transaction team was led by Abhishek Dubey, Partner; Pallov Upadhyay, Associate; and Shatakshi Gupta, Associate.
Digi2L operates in the re-commerce space and is in the business of providing assured buyback, exchange and reselling services for appliances. Onsitego was founded in 2010 by Kunal Mahipal and its investors include IFC, Accel and Zodius.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co, founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 750 lawyers including 160 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai.
