Ashurst advises Sequoia Capital India on its investment in Voly

Sequoia Capital India led the US$13m round by way of subscription for newly issued shares in Voly. Global Founders Capital and Artesian Capital were the other major investors in the round.

Voly operates an e-grocery platform which uses local “dark stores” to deliver groceries to consumers in 15 minutes. 

The Ashurst team was led by partners Stuart Dullard and Natsuko Ogawa, who were assisted by associates Shojeeb Alam, Tom McCann, Olivia Sun, Elizabeth Melsom (Corporate Transactions); partner Emma Butler and associate Tidja Joseph (Digital Economy Transactions); partner Trent Sebbens, senior associate Mohamad Ardati and associate Kiana Hunter (Employment); partners Anita Cade, Pauline Tan and Lindy Randall and associate Renata Labio (Regulatory/Licensing).