$160m Series J: Indus for Zomato, AZB for Tiger, SAM for MacRitchie

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

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Comments

Mein hoon 26 Oct 2020, 16:31
+3 -0
[img]https://media1.giphy.com/media/nbghNqbWbw2jK/200.gif[/img]

Roar
Well wisher 27 Oct 2020, 05:27
+5 -8
This is exactly why LI is seen as a more "childish"site compared to B&B and Livelaw. There is no purpose in the above comment and its been posted after review by Kian. There is a reason that increasingly law firms are providing exclusive news to B&B. LI already does not cover litigation. Kian, please wake up and get serious.

Well wisher
Trolbuster 27 Oct 2020, 06:02
+7 -0
Haha, fulltroll only. Why did you bother clicking on, reading and leaving a comment if they make you feel old?
Guest 27 Oct 2020, 06:39
+5 -0
Exclusive law firm news on B&B? What have you been smoking? Or are you so "childish" to not know when B&B copies articles from LI and writes EXCLUSIVE at the top? Everybody knows that for good litigation news you go to Livelaw, for law firm + law school news you go to LI. You go to B&B sometimes to laugh at the bootlicking of NLU VC and law firm partners.
Name or alias 27 Oct 2020, 08:00
+1 -1
Cyrils work from home interview given to B&B. Shonali joining Luthra, DSK news on new deputy managing partner. Let's give credit where it's due. These are not rehashed LI articles badged as exclusive by B&B.

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.
kianganz 27 Oct 2020, 08:52
+8 -0
Thanks for your feedback. At the end of the day, I don't really mind whether we are first on all stories or not, and I don't think most readers are too concerned as long as we keep up with the important things and do interesting and fair stories. That said, there are some misapprehensions in your comment, which I might as well address since I'm here.

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: https://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: https://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 :)
Aakhri Rasta 27 Oct 2020, 13:12
+0 -0
Since you are here, why have you not been updating the 2020-21 deal table?
Shahenshah 27 Oct 2020, 08:59
+0 -0
[img]https://media0.giphy.com/media/2v9lyYdOO5Wh2/200.gif[/img]

Rishtey mein (seniority se), hum tumhare baap lag te hain.

Naam hain GIF.
New client? 27 Oct 2020, 04:08
+11 -0
Zomato main bhi ghus gaya Indus?
teri kyon jali 27 Oct 2020, 07:00
+6 -1
ever heard a word called "client service"?
Aghast not jealous 27 Oct 2020, 09:35
Contested
+8 -8
Ever heard of approving every single rep and warranty on behalf of your client without negotiating, half heartedly reviewing documents, giving up on key negotiation points, agreeing on non-market positions - all this just to close the transaction swiftly?
Bechara 27 Oct 2020, 10:07
+15 -0
Seems to come from the school of thought that client instructions gaya tel lene, main to apna lawyering/ego dikhaoonga hi. Little wonder lawyers aren't that popular.