Amarchand, JSA advise on BTS investments of Rs 36 crore in Carzonrent

BTS Investment Advisors, a Private Equity firm has invested Rs. 36 crore ($7 million) in Carzonrent, a leading car-rental and radio-taxi business (under the brand name of Easy Cabs)..Amarchand & Mangaldas advised Carzonrent with a team led by Partner Harry Chawla along with Principal Associate Tampi Chandrasekhar and Associate Gaurav Dayal..J. Sagar & Associates advised BTS Investment Advisors with Partners Sidharrth Shankar and Lalit Kumar along with Senior Associate Akshay Nagpal..Both, JSA and Amarchand lawyers on the deal stated that it was a challenging deal as Carzonrent already had two other investors and it required complex negotiations to ensure that the interests of all the parties are protected..The ET reports car rental company Carzonrent India is close to raising Rs. 100 crore from two private equity firms including BTS Investment Advisors India Private Equity Fund in lieu of a minority stake. Previous investors in Carzonrent include SIDBI Venture and Sequoia Capital..With the proceeds, Carzonrent plans to expand its geographical presence and grow radio taxi and limousine services, reports the Deal Curry.