Tiger Global sells 18 crore shares of Zomato in a week; slashes stake by almost half

  • Tiger Global has effectively 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’s partial stake sale in Zomato comes at a time when the hedge fund company has seen the value of its portfolio shrink sharply since the start of 2022, amid a correction in global tech valuations.

[Via]

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