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AZB & Partners and Khaitan & Co have advised investors in Indian online food-delivery platform Swiggy’s latest $700 million funding round.

According to Reuters, the funds will be used by Swiggy to expand its on-demand grocery service Instamart. Investors included Ghisallo Master Fund (represented by AZB), Axis Growth Avenue AIF-I (counselled by Khaitan), Baron Capital Group, Sumeru Venture, IIFL, Kotak, Alpha Wave Global and Qatar Investment Authority.

Instamart, which now operates in 19 cities across India, competes with Tata-owned BigBasket, Grofers, Amazon.com’s Amazon Fresh and Reliance Industries’ JioMart, Reuters added.

The Khaitan team was led by partners Vineet Shingal and Tanushree Bhuwalka.

Meanwhile, partner Ankit Tandon led the AZB team.

 

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