In a new filing with the Bombay Stock Exchange (
The share transfers were carried out by
Sequoia Capital India joins a list of private market investors such as Delivery Hero, Moore Strategic Ventures and
On Friday, shares of Zomato closed around Rs 61.85.
Earlier this month, ride-sharing platform Uber sold its 7.8% stake worth more than $390 million in Zomato.
Uber, which suffered a loss of around $707 million in its Zomato investment in the first half of this year, sold its stake in the food delivery aggregator via a stock exchange block deal that was bought by several global and Indian VCs.
The Zomato block deal was executed at 50.44 rupees per share, or 612 million or 7.8% of total outstanding shares.
In a statement to IANS, Zomato had said that “we are a public company and are unaware of what our shareholders do with their shares.”
According to the company, Blinkit’s losses are decreasing every month – from 2,040 million rupees (about $26 million) in January 2022 to 929 million rupees ($12 million) in July.
The 10-minute delivery platform was acquired by Zomato for Rs 4,447 crore (about $568 million).
Indices end slightly higher after volatile trading session
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