Private Equity

Liquidity Events

Alibaba unit offloads 2% stake worth Rs.2,827-Cr in Zomato

Mint  

Chinese tech giant Alibaba Group’s arm Antfin has sold a 2% stake in listed food delivery company Zomato for INR 2,827 crore. Antfin sold 9.7 crore shares of Zomato at INR 160.40 each and another 7.93 crore shares at INR 160.11 apiece.

Alibaba had invested in Zomato across three rounds between Feb 2018 and Jan 2020. Zomato went public in Jul 2021. Alibaba started to exit starting in Nov 2022.