Tiger Global sells over 18 crore shares of Zomato; cuts stake by almost half

Tiger Global's Singapore-based Internet Fund VI sold off nearly half of its shareholding in food delivery firm Zomato, the hedge fund company disclosed in a filing with stock exchanges. It stated that it effectively sold over 18 crore shares, with its shareholding in Zomato now reduced to 2.77%. Earlier, Uber reportedly sold its 7.8% stake in Zomato for $392 million.