Alibaba’s payment affiliate Ant Financial has invested another $210 million in restaurant discovery and food-delivery platform Zomato..Trilegal acted for Ant Financial and the team was led by Partner Rohan Ghosh Roy..Samvad Partners acted for Zomato and the team was led by Partner Ashwini Vittalachar along with Senior Associate Junaira Rahman and Associate Riddhima Murjhani..Themis Associates acted for existing investor Sequoia Capital..The investment will be for a little over 10% stake, pegging Zomato’s valuation at around $2 billion. The capital raise comes after Zomato had raised $150 million in fresh capital earlier this year from Ant Financial, which valued it at about $1.1 billion, reported ET.
Alibaba’s payment affiliate Ant Financial has invested another $210 million in restaurant discovery and food-delivery platform Zomato..Trilegal acted for Ant Financial and the team was led by Partner Rohan Ghosh Roy..Samvad Partners acted for Zomato and the team was led by Partner Ashwini Vittalachar along with Senior Associate Junaira Rahman and Associate Riddhima Murjhani..Themis Associates acted for existing investor Sequoia Capital..The investment will be for a little over 10% stake, pegging Zomato’s valuation at around $2 billion. The capital raise comes after Zomato had raised $150 million in fresh capital earlier this year from Ant Financial, which valued it at about $1.1 billion, reported ET.
