Listed foodtech major Zomato has seen yet another investor offloading shares. Sequoia sold 171.9 million shares of the company, or about 2.01% of all equity shares on the open market, according to Zomato’s regulatory filings with the Bombay Stock Exchange (BSE).
Sequoia completed the sale in two tranches, selling the shares first between September 6 and October 14 of last year, following Zomato’s IPO in July 2021. Between June 27 and August 25, this year, the US-based venture capital firm sold shares. Sequoia now owns 375,895,935 shares of the foodtech giant, or approximately 4.40%.
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.
Listed foodtech major Zomato has seen yet another investor offloading shares. Sequoia sold 171.9 million shares of the company, or about 2.01% of all equity shares on the open market, according to Zomato’s regulatory filings with the Bombay Stock Exchange (BSE).
Sequoia completed the sale in two tranches, selling the shares first between September 6 and October 14 of last year, following Zomato’s IPO in July 2021. Between June 27 and August 25, this year, the US-based venture capital firm sold shares. Sequoia now owns 375,895,935 shares of the foodtech giant, or approximately 4.40%.
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.
