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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.

September 29, 2021 • By Emma Musgrave
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Zip Co Limited expands horizons into India
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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.

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“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.

 

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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