Tiger Global’s Internet Fund III sold 1.2 crore shares of logistics firm Delhivery in a bulk transaction

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Tiger Global’s Internet Fund III sold 1.2 crore shares of logistics firm Delhivery in a bulk transaction

Tiger Global’s Internet Fund III sold 1.2 crore shares of logistics firm Delhivery in a bulk transaction worth INR 414.2 crore on Wednesday (February 22).

On the BSE, shares of Delhivery fell 3.6% to INR 336.4 at the close of today’s session. As of December 31, 2022, Internet Fund III owned 3.4 million shares of Delhivery, representing a 4.68% stake. The VC fund has sold a 1.7% stake in the company in the latest transaction. This comes nearly three months after another pre-IPO investor in Delhivery, CA Swift Investments, sold 2.5% of its stake, or 18 million shares, in the logistics startup for INR 607 crore after the lock-in period expired.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Tiger Global’s Internet Fund III sold 1.2 crore shares of logistics firm Delhivery in a bulk transaction worth INR 414.2 crore on Wednesday (February 22).

On the BSE, shares of Delhivery fell 3.6% to INR 336.4 at the close of today’s session. As of December 31, 2022, Internet Fund III owned 3.4 million shares of Delhivery, representing a 4.68% stake. The VC fund has sold a 1.7% stake in the company in the latest transaction. This comes nearly three months after another pre-IPO investor in Delhivery, CA Swift Investments, sold 2.5% of its stake, or 18 million shares, in the logistics startup for INR 607 crore after the lock-in period expired.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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