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 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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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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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