Food delivery and restaurant discovery startup Zomato has raised Rs 353.58 crore from Antfin Singapore Holding Pte. Ltd, an existing shareholder in the company. The Gurugram-based firm allotted 11,777 class J compulsorily convertible preference shares for this funding, according to financial data accessed by business intelligence platform, Tofler. The money is expected to help the firm competes with players such as Swiggy, Uber Eats and Dunzo in the delivery space.

— Business Standard

Samvad Partners advised Zomato Media Private Limited led by a team of partner Aparna Ravi and associate M V Abhinaya; senior associate Kavita Jitani assisted with competition law aspects. The firm acted as transaction counsel to the company and its founder Deepinder Goyal, assisting on all aspects of the transaction, including review and negotiation of the transaction documents, execution and assistance with closing.

Trilegal advised long-time Ant Financial led by a team of partner Rohan Ghosh Roy, and associates Divyajyot Verma, Pulkit Chaturvedi, Karn Shukla, Joysheel Shrivastava, Harsha Pisupati and Akshath Mithal.

Samvad had also advised Zomato on its buy of Uber Eats.

2019-01-16

Deal value: USD 50 million

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