SAM, NDA lead on Swiggy’s $100 million fund raise

SAM, NDA lead on Swiggy’s $100 million fund raise

Bar & Bench

Swiggy has raised $100 million in its Series F round of investment from Naspers and Meituan-Dianping.

Shardul Amarchand Mangaldas acted for Swiggy and the team was led by Partner Siddharth Nair along with Senior Associate Asmita Mishra and Associate Shachi Singh.

Nishith Desai Associates advised Naspers on this deal. The NDA team was led by Leaders Vaibhav Parikh and Karan Kalra along with Senior Associate Aishwarya H and Associates Santosh Gangavati, Sanya Malhotra, Abhishek S and Ankit Porwal

Han Kun Law acted for Meituan-Dianping and the team included Han Nang Li and Zaiguang Lu.

The deal is likely to have valued the four-year-old venture at about $650-700 million.

With this investment, the total amount raised by Swiggy stands at $255.5 million, second only to the $443 million raised by competitor Zomato, reported ET.

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