Alipay Re12.8 billion acquisition of 30% stake in Zomato

1/2/2018

Private acquisition

Value:

Re 12.8 billion

Dollar value:

$ 199 million

Status:

Announced

Date:

1/2/2018

Overview:

Alipay has acquired a 30% stake in Zomato for Re12.8 billion.
Zomato is a food delivery and restaurant discovery company.
Ant Financial is the financial affiliate of Alibaba.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

India

Industry sector:

Food and beverage

Firm:

AZB & Partners

Party: Zomato (Target)

Lawyer: Vinati Kastia

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