Edelweiss was mandated by shareholders of SpotOn Logistics Pvt. Ltd. for facilitating the exit of India Equity Partners as well as the sale of a stake held by other shareholders. Samara Capital bought a 100% stake in the company and shall use it to create a logistics platform. This transaction is the largest buyout transaction in Indian logistics industry.
About SpotOn Logistics
SpotOn Logistics Pvt. Ltd. (“SpotOn” or “Company”) is amongst the top 5 express logistics companies in India and competes with national players such as BlueDart, Gati, Safexpress and TCI XPS. Company has demonstrated superior growth and return ratios vis-a-vis competition for the last three years. SpotOn has a run-rate revenue of more than Rs. 600 cr (~US$ 85 mn) and has a national network covering more than 20,000 pin-codes through 27 hubs and 240 service centers. The company is run by a professional management team who have turned around the Company post acquisition by India Equity Partners from TNT Express in 2012.
About Samara Capital
Samara Capital is an India focused private equity fund investing primarily in consumer, business services, financial services, pharma and healthcare and IT Services sectors.