Swiggy has raised $1.25 billion from SoftBank Vision Fund II as well as existing investors Prosus ( formerly Naspers), Accel and Wellington Management, in what is the largest funding round for the online food delivery platform since its launch in 2014, reported ET.
Shardul Amarchand Mangaldas & Co advised Swiggy, led by a team of Partners Raghubir Menon and Shiladitya Banerjee with Associate Pranav Sethi.
A team comprising Partner Manika Brar and Principal Associate Supritha Prodaturi represented Swiggy on the competition law aspects of the transaction.
Rajaram Legal advised SoftBank Vision Fund II as transaction counsel, led by a team of Managing Partner Archana Rajaram, Partner Prasad Subramanyan, Senior Associate Nikita Rajwade and Associate Raina Jog.
Khaitan & Co acted as SoftBank’s antitrust counsel, with a team comprising Partners Bharat Anand, Pranjal Prateek and Sagardeep Rathi, and Associates Alisha Mehra and Armaan Gupta.
IndusLaw advised Accel Partners and the team was led by Partner Anindya Ghosh with Senior Associate Pavani Nath.
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