In a disclosure made before the stock exchanges, Zomato said Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II sold 171.9 crore shares or a 2.01 per cent stake held in the company.
The transaction was carried out through open market transactions in two tranches – Sep 6, 2021, to Oct 14, 2021, and Jun 27, 2022, to Aug 25, 2022.
After the sale, Sequoia held a 4.4 per cent stake in the new-age stock.
Although up 48 per cent in the last one-month period, Zomato shares have lost more than 56 per cent of their value year-to-date.
Earlier in the month, Uber Technologies had exited Zomato by selling its entire 7.78 per cent stake at an average price of Rs 50.44 per share.
Two institutional investors – Fidelity’s emerging market fund and had picked stakes following the exit.