Zomato enters into a Mix of Primary, Secondary Share Transaction, Raises $200 Milion

Published on 03 Feb 2018 by Tushar

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Zomato, the online restaurant discovery and food delivery firm, has raised $200 million from Ant Financial, the payments affiliate of Chinese e-commerce giant Alibaba.

Ant Financial will hold around 18% stake in Zomato post the investment.

The deal, which is a mix of primary and secondary share transactions, will see Alipay invest $150 million as primary capital. Existing investor Info Edge will dilute its holding worth $50 million in Zomato.

AZB & Partners acted for Zomato with a team led by Partners Vinati Kastia and Abhishek Shinde along with Senior Associate Ankit Tandon.

Source: BarandBench


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