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Sequoia sells part of pre-IPO Zomato holding

Sequoia Capital India has sold a part of its pre-IPO shares in food tech platform Zomato in the open market, bringing down its stake in the company to 4.4%, Zomato said in a BSE filing. Sequoia Capital India sold 67 million shares between September 6, 2021 and October 14, 2021 and 105 million shares between June 27, 2022 and August 25, 2022 through its two investment vehicles — Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II. Also Read: Sequoia, Norwest, Tiger Global most active PE investors in CY2 According to the filing, Sequoia also received 45 …

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