Private Equity Liquidity Events
Tiger Global exits food deliverer Zomato, offloads all shares for Rs.1,123-Cr
Internet Fund III Pte Ltd, a unit of international tech investment firm Tiger Global, has exited listed food delivery firm Zomato by selling its entire residual 1.44% shareholding for INR 1,123.85 crore, via open market transactions. The shares were sold at an average price of INR 91.01 per share.
From the Venture Intelligence PE-VC Deal Database: Between Nov 2013 and Feb 2021, Zomato had raised over USD 2 Billion from Tiger Global and several other PE/VC fiunds. It went public in 2021. Tiger started to sell its holdings in the company in July 2022. (Subscribers to the database can login to view the return details, investment valuation, deal structuring and other transaction details.)