Venture Intelligence (TSJ Media Pvt. Ltd.)
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Tiger Global sells 2.34 % stake in food delivery aggregator Zomato
Global investor Tiger Global has sold 18 crore shares of online food delivery aggregator Zomato in the week after the one-year lock-in period for pre-IPO investors ended on July 23. Tiger Global investment vehicle Internet Fund IV held a 5.11 % stake in Zomato before the lock-in ended. Its shareholding has now reduced to 2.77 %. In September 2020, Zomato had raised USD 102.5 million in a funding round led by Tiger Global. The fundraise had valued Zomato at USD 3.4 Billion then. Zomato had raised USD 250 million in a funding round led by Tiger Global in February 2021, ahead of its initial public offering (IPO), at a valuation USD 5.4 Billion.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.