Info Edge on Thursday said its investee company Zomato has raised $160 million (about ₹1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online food ordering platform at $3.3 billion.
— Thehindu
Food delivery company Zomato Media Pvt. Ltd has raised $100 million (Rs 760 crore) from US-based investment firm Tiger Global Management LLC as it continues to secure capital to ride out the coronavirus crisis. — VCCircle
IndusLaw advised Zomato Private Limited led by a team of partner Suneeth Katarki, partner Pallavi Kanakagiri, senior associate Anantha Krishnan Iyer, senior associate Shweta Adhikari and associate Shreyas Bapat.
Shardul Amarchand Mangaldas advised MacRitchie led by partner Raghubir Menon, partner Ekta Gupta, principal associate Taranjeet Singh, principal associate Shiladitya Banerjee, associate Tanya Choudhary and associate Tushnaz Patel.
AZB & Partners advised Tiger Global Management LLC led by a team of partners Ashwath Rau, Jasmin Karkhanis and Bharat Budholia, with senior associates Rina Goyal, Rashmee Kumar and Aishwarya Gopalakrishnan.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP represented Tiger Global, led by partner Jonathan Pentzien, associate David He and associate Soo Guo Kai.
2020-09-01
Deal value: USD 160 million
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.
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Roar
Well wisher
Lawyers from firms are also putting their articles out on B&B and not here. I think LI has done wonders for legal community in India but maybe needs a refresh.
Generally, for the avoidance of doubt, whenever B&B or another publication does report something first (without a press release about the same thing having been sent out, etc) we give them credit in our stories as having reported it first, which I think is fair to both our rivals and our readers.
By contrast, I understand B&B have a policy never to attribute to other publications for breaking stories (and they seem to play a little fast and loose with what they term 'exclusive'), which to non-regular followers of the space can maybe make it look like they're scooping more than they are.
Specifically, background and process in the examples you mention:
- CAM WFH was actually press released by the firm before B&B wrote about it 'exclusively'. We waited before publishing since we usually prefer including also answers to some of the important questions and including more details. This could mean our stories sometimes come a bit later but I hope they are also more informative rather than just being puff pieces: www.legallyindia.com/lawfirms/cam-to-launch-flexi-work-policies-post-march-2021-office-re-openings-chennai-hyd-to-move-to-biz-centres-20201024-11716
- Shonali joining Luthra - yes, they got their story out before ours on that one and that's fine. We did hear about it around the same time and might have published before them, though we were also reaching out for comment from the parties and confirming whether the hire pre-dated the dispute or not, and only then covered it: www.legallyindia.com/lawfirms/rajiv-luthra-sans-saraf-hires-alum-shonali-choudhry-in-mumbai-as-partner-20201023-11715
- DSK deputy managing partner news went out as a press release yesterday but without much interesting information. We are intending to do a more in-depth look at what this means, if possible, since by itself the story is pretty bland without more information.
- Lawyers articles: as a policy, we currently don't accept articles by lawyers and firms, though we receive regular requests for this and have done so in the past. I'm not sure how much value it adds to readers but please do share your views on if you'd like such articles as part of the LI's editorial.
Either way, each to their own, live and let live, etc. I think LI coverage is doing fine for the most part. But I would be happy to receive readers' feedback any time, of course :)
Rishtey mein (seniority se), hum tumhare baap lag te hain.
Naam hain GIF.
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