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Zip Co Limited expands horizons into India
The ASX-listed company has been advised by Arnold Bloch Leibler on its latest investment, which revolves around an Indian-based buy now, pay later operator.
Emma Musgrave
Firm: Arnold Bloch Leibler (Zip Co Limited).
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Deal: Zip Co Limited (Zip) has invested in ZestMoney, acquiring a minority interest in the company.
Value: US$50 million.
Area: Corporate, M&A.
Key players: ABL corporate and M&A partner Gavin Hammerschlag led the deal for Zip.
Deal significance: ZestMoney is an Indian-based buy now, pay later operator.
Zip’s latest investment into ZestMoney will see it double down on its global expansion plans and follows similar acquisitions into platforms based in the US, European, and UAE markets.
“Having advised Zip on its numerous local and foreign acquisitions and strategic investments, it is exciting to see Zip’s bold global expansion plans continue as a leader in the BNPL sector,” lead partner Gavin Hammerschlag said.
