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Shardul Amarchand Mangaldas has advised Indian food-delivery app Swiggy on its $800 million fundraising round, which now values the company at $5 billion, with AZB & Partners representing Qatar Holding, one of the investors.

According to Money Control, the fundraising round also saw participation from alternative asset manager Falcon Edge Capital, Singapore fund management firm Amansa Capital, U.S.-based private investment firm Think Capital, French asset management firm Carmignac and Goldman Sachs.

As the COVID pandemic keeps many Indians indoors, investor interest in food-delivery platforms is rising. In April, Zomato, another player in the space, filed for an IPO that will allow it to raise up to $1.1 billion.

The AZB team was led by partners Ashwath Rau, Atreya Bhattacharya and Bharat Budholia.

Partners Raghubir Menon and Natashaa Shroff led the SAM team.

 

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