Daxko LLC, along with its affiliate, Daxko India Technology Solutions Private Limited, successfully acquired a complete stake in Grip Technologies Private Limited, known as FitnessForce. The legal advisory for this acquisition was provided by CMS INDUSLAW.
The legal team navigating this transaction was spearheaded by Rashi Bharadwaj, Partner at the firm, with significant contributions from Shivani Singh (Principal Associate), Chandresh Goyal (Senior Associate), and Mahak Agarwal (Associate). Their efforts were augmented by the Corporate Secretarial team comprising Ruhi Jain (Executive Director), Praveen Hegde (Manager), Adarsh Joshi (Assistant Manager), and Fhareen Abdul Aziz Khan (Executive).
Furthermore, the Direct Tax team was led by Lokesh Shah (Partner), with Gaurav Goyal (Counsel) and Namrata Rawat (Associate) supporting. The Indirect Tax team consisted of Shashi Mathews (Partner) and Rajitha Nair (Principal Associate), ensuring a comprehensive approach to the financial intricacies of the deal.
Fortifying Global Fitness Reach
Daxko is renowned for its comprehensive software, payments, and data solutions that cater to the health, fitness, and wellness industries. The acquisition of FitnessForce, a distinguished API-first membership management platform, is a strategic move to bolster Daxko’s global presence. FitnessForce is designed to serve multi-location, franchise, and international fitness operators, thus expanding Daxko’s customer-oriented portfolio and strengthening its position in driving global fitness growth.
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