news
July 4, 2016
Capital Investments’ affiliate acts as exclusive financial advisor and capital arranger on a capital raising transaction for Grab A Grub Services Private Limited (India)

OVERVIEW OF TRANSACTION

In June 2016, Aramex Ventures invested in India-based Grab a Grub Private Limited (“Grab”). Grab provides hyperlocal logistics services that enable merchants to deliver their products to the consumer; the company was founded in 2012 and is based in Mumbai, India.

SIGNIFICANCE OF TRANSACTION

Acquisition of stake in Grab allows Aramex to strengthen its last-mile delivery service in India. The addition of Aramex as an investor provides Grab with a strong strategic partner to accelerate its growth in the e-commerce segment in India. Aramex Ventures joins a host of other early stage investors in supporting Grab, including Oliphans Capital, Sixth Sense Ventures and Zomato Private Media.

CAPITAL INVESTMENTS’ ROLE

Capital Investments’ Dubai affiliate, CBCA, acted as the exclusive financial advisor to Grab in the transaction.