Food delivery and restaurant discovery startup Zomato has raised Rs 353.58 crore from Antfin Singapore Holding Pte. Ltd, an existing shareholder in the company. The Gurugram-based firm allotted 11,777 class J compulsorily convertible preference shares for this funding, according to financial data accessed by business intelligence platform, Tofler. The money is expected to help the firm competes with players such as Swiggy, Uber Eats and Dunzo in the delivery space.
Samvad Partners advised
Trilegal advised long-time
Samvad had also advised Zomato on its buy of Uber Eats.
2019-01-16
Deal value: USD 50 million
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