
Tiger Global exits Zomato by selling stake worth ₹1,124 cr; stock rises
Tiger Global, through its investment vehicle Internet Fund IV, sells 12.34 crore shares, or 1.44% stake in Zomato, at an average price of ₹91.01 per share.
Tiger Global, through its investment vehicle Internet Fund IV, sells 12.34 crore shares, or 1.44% stake in Zomato, at an average price of ₹91.01 per share.
The development comes after another major global investor Tiger Global sold 1.2 crore shares in a Gurugram-based company at ₹335 apiece in Feb.
Sequoia Capital through its investment vehicles sells 17.2 crore shares of Zomato in the open market; brings stake down to 4.4% from 6.41% earlier
Tiger Global sold 18 crore shares of Zomato after the one-year lock-in period ended last month; shareholding in the company reduced to 2.77%.
The San Francisco-based healthcare technology startup, led by Indian CEO Abhinav Shashank, turned unicorn earlier this year. The startup's total fund tally now stands at over $375 million
The latest investment more than doubles Pristyn Care’s valuation, as the healthcare startup’s total fund tally now stands at about $175 million.
The SME-focused neobanking platform’s total fund tally now stands at about $135 million.
Tiger Global’s maiden investment in an Indian cryptocurrency startup is with the company CoinSwitch Kuber. Here's why that matters.
Koo, which has raised $30 million in its Series B round led by Tiger Global, says it will invest the money in developing new features on the app.
They have received 25 times more funding than the $550 million in 2010, according to data analytics firm Tracxn.