Zomato, the online restaurant discovery and food delivery firm, has raised $200 million from Ant Financial, the payments affiliate of Chinese e-commerce giant Alibaba..Ant Financial will hold around 18% stake in Zomato post the investment..The deal, which is a mix of primary and secondary share transactions, will see Alipay invest $150 million as primary capital. Existing investor Info Edge will dilute its holding worth $50 million in Zomato, reported ET..AZB & Partners acted for Zomato with a team led by Partners Vinati Kastia and Abhishek Shinde along with Senior Associate Ankit Tandon..Trilegal advised Ant Financial and the team was led by Partner Rohan Ghosh Roy along with Senior Associates Jeet Chaudhuri and Anurag Shrivastav and Associates Tanay Shah, Pujitha Gullapalli, Vinit Patwari and Divyajyot Verma..J. Sagar Associates advised InfoEdge and the team was led by Partners Rohitashwa Prasad and Swetha Prashant along with Associate Anshu Bansal.
Zomato, the online restaurant discovery and food delivery firm, has raised $200 million from Ant Financial, the payments affiliate of Chinese e-commerce giant Alibaba..Ant Financial will hold around 18% stake in Zomato post the investment..The deal, which is a mix of primary and secondary share transactions, will see Alipay invest $150 million as primary capital. Existing investor Info Edge will dilute its holding worth $50 million in Zomato, reported ET..AZB & Partners acted for Zomato with a team led by Partners Vinati Kastia and Abhishek Shinde along with Senior Associate Ankit Tandon..Trilegal advised Ant Financial and the team was led by Partner Rohan Ghosh Roy along with Senior Associates Jeet Chaudhuri and Anurag Shrivastav and Associates Tanay Shah, Pujitha Gullapalli, Vinit Patwari and Divyajyot Verma..J. Sagar Associates advised InfoEdge and the team was led by Partners Rohitashwa Prasad and Swetha Prashant along with Associate Anshu Bansal.
