Online food delivery and restaurant recommendation platform Zomato has raised close to $5 million (Rs 38.20 crore) from Pacific Horizon Investment Trust, a fund managed by British investment manager Baillie Gifford. According to documents filed by Zomato with the Registrar of Companies, and accessed by business intelligence platform Tofler, the Gurugram-headquartered company has allotted 1,177 Series J2 Compulsorily Convertible Cumulative Preference Shares (CCCPS) at $4,245.56 apiece, for a total consideration of $4.99 million, to Pacific Horizon Investment Trust.

— The Economic Times

Samvad Partners advised Zomato Media Private Limited led by a team of partner Aparna Ravi and associate M V Abhinaya.

Trilegal,Mumbai acted as counsel to Pacific Horizon Investment Trust Plc.

2020-03-01

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