Zomato Limited has acquired 19.48% of shareholding in Adonmo Private Limited (AdOnMo) for approximately $15 million (₹112 Crores).

Saraf and Partners acted for Zomato on all aspects of the transaction.

The transaction team was led by Partners Vaibhav Kakkar and Sahil Arora along with Associates Keshav Pareek, Prabal De, Vedika Pandey and Vishal V.

AdOnMo is an ad-tech company which provides targeted digital advertising on outdoor digital screens and its proprietary technology enables cloud-connected digital screens with contextual and targeted advertising capabilities.

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