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AZB acts for Qatar on Swiggy’s $800m war-chest haul with Indus

Not to be outdone by fellow food delivery rival Zomato, foodtech unicorn Swiggy is in the final stages of closing an $800 Mn Series J funding round, which is likely to see the company reach close to $5 Bn in valuation, a jump from its previous reported valuation of $3.6 Bn in 2020.


AZB & Partners advised the investor Qatar Holding LLC, an affiliate of the Qatar Investment Authority led by a team of partners Ashwath Rau, Atreya Bhattacharya and Bharat Budholia, senior associates Raina Upadhyay and Gaurav Bansal.

Update 18 May 2021: IndusLaw advised Accel led by a team including partner Anindya Ghosh and senior associate Pavani Nath.

Update 27 May 2021: Nishith Desai Associates advised Prosus, owned by Naspers, led by a team including lawyers Vaibhav Parikh, Aishwarya H, Sindhu Sambrani and Shipra Padhi DD, with a due diligence team also consisting of lawyers Abhishek S, Santosh Gangavati, Ankit Porwal, Archita Mohapatra, Desiree Dsa, Aarathi Das, Subodh Kumar.


Deal value: USD 800 million/ INR 59 Bn

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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