Private Equity

Liquidity Events

Sequoia Capital sells off 2% stake in Zomato

Economic Times  

Venture Capital firm Sequoia Capital India has reduced its shareholding in listed food delivery company Zomato to 4.4 % from 6.41 % earlier. Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II have sold 171.9 crore shares, representing a 2.01% stake. The sales were carried out through open market transactions in two tranches: the first between Sep 6, 2021 to Oct 14, 2021, and the next between Jun 27, 2022, to Aug 25, 2022. From the Venture Intelligence PE-VC Deal Database: Sequoia had invested in Zollmato between Nov-13 and Sep-17. The company raised about USD 1.9 Billion since then, including from Alibaba, Tiger Global, Steadview Capital and other late stage investors leading up to its IPO in July 2021. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)