Food delivery company Zomato Media Pvt. Ltd has completed a staggered fundraise that added $660 million (Rs 4,851 crore) to its coffers at a post money valuation of $3.9 billion, its co-founder and chief executive Deepinder Goyal, tweeted...
— VCCircle
IndusLaw advised Zomato Private Limited led by a team of senior partner Suneeth Katarki, partner Pallavi Kanakagiri, senior associate Anantha Krishnan Iyer, senior associate Shweta Adhikari, associate Nishihi Shah and associate Shreyas Bapat.
The firm had also acted on Zomato's Series J of $160m in September of this year.
L&L Partners acted as counsel to Steadview Capital, led by partner Vaibhav Kakkar, partner Avisha Gupta and associate Debarpan Ghosh.
Shardul Amarchand Mangaldas acted for Luxor, led by partner Nivedita Tiwari, partner Prashant Gupta, principal associate Devesh Pandey and associate Axay Satagopan.
Shardul Amarchand Mangaldas also acted for Kora led by partner Jay Gandhi, principal associate Abhishek Parekh, senior associate Natalee Nanda and associate Joanna Barretto.
AZB & Partners acted as counsel to Fidelity, led by partner Vipul Jain, senior associate Tanya Pahwa and associate Saras Muzumdar.
AZB & Partners also acted as counsel for Tiger Global with partners Ashwath Rau and Jasmin Karkhanis, and associates Rina Goyal and Rashmee Kumar.
Khaitan & Co was counsel for D1 Capital with a core team comprising of partner Rabindra Jhunjhunwala, partner Rishabh Bharadwaj, principal associate Purti Minawala, senior associate Ayush Nanda and associate Rakshitha Naik.
Sidley Austin LLP was international counsel to Luxor with partner Willian H Schwab.
Gunderson Dettmer was international counsel for Tiger Global with partner Jonathan Pentzien, associate David He and associate Soo Guo Kai.
2020-12-01
Deal value: $660m
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.
threads most popular
thread most upvoted
comment newest
first oldest
first
With respect to Indus specifically, we had marked them out as a firm to watch as potentially joining the Marquee Firms soon: www.legallyindia.com/india-unleashed-editorial/inlegal-50-the-busiest-corporate-law-firms-20191012-10938
That they have managed to hold on to Zomato through all this time as its valuation and rounds keep increasing, bodes well for them in that none of the AZBs, CAMs or SAMs has managed to dislodge them (which is always a concern for the smaller firms that grow up on bread and butter VC rounds but often struggle to transition to the marquee mandates once their start-up clients have grown up).
Why not track all such movements and report them as well? Specifically reporting Indus law's clientele just seems strange - when the story is (should be) meaning to report the deal (unless, not?)
Please also shed light on this one - www.legallyindia.com/private-equity-venture-capital/150m-softbank-ga-cash-makes-indus-client-unacademy-a-unicorn-with-khaitan-bharucha-20201028-11733
Is this reporting softbank's investment, or unacademy getting unicorn status, or that unacademy is Indus client?
threads most popular
thread most upvoted
comment newest
first oldest
first