“Alibaba’s payment affiliate Ant Financial has pumped in another $210 million in restaurant discovery and food-delivery platform Zomato, as the company ramps of spending for its market leadership battle against rival Swiggy,” reported the Economic Times, about the unicorn’s Series I round of fundraising.

Samvad Partners partner Ashwini Vittalachar, senior associate Junaira Rahman and associate Riddhima Murjhani acted for Zomato, according to the firm’s press release.

Trilegal advised Ant Financial led by a team including partner Rohan Ghosh Roy, and associates Vinit Patwari and Divyajyot Verma.

Themis Associates Bangalore advised existing investor Sequoia Capital in the transaction, led by a team including principal associate Siddharth Seshan.

Update 28 December 2018: Shardul Amarchand Mangaldas & Co advised Temasek Holdings, existing shareholder in Zomato, led by a team of regional practice head Raghubir Menon, partner Ekta Gupta, and senior associate Tarenjeet Singh.

Early this year, Zomato’s Series H of $200m from Ant had involved AZB & Partners for Zomato, while Trilegal had advised Ant Financial.

2018-11-21