Tiger Global exits Zomato by selling remaining 1.4% stake

Internet Fund III Pte Ltd, the venture capital fund managed by Tiger Global Management, has exited Zomato by selling its entire shareholding in the food delivery company for ₹1,123.85 crore via open market transactions. The internet fund sold 12.34 crore shares or 1.44% stake in Zomato. The shares were sold at an average price of ₹91.01 per share.