Sequoia first sold its shares in Zomato between September 6 and October 14 last year. When Zomato made its debut on national bourses in 2021, Sequoia held 50.26 crore equity shares which represented 6.41% of the total share capital.
In the latest sale made between June 27, 2022, and August 25, 2022, Sequoia sold 6.6 crore shares.
On August 22, Zomato disclosed to BSE that Fidelity Investments had bought a 5.06% stake in Zomato in the open market.
Since the one-year lock-in period ended on July 23 for Zomato’s investors, high-profile investors and shareholders, including
Tiger Global,
Uber, and Moore Strategic Ventures, have sold their shares in the company.