InvestorQ : Is it true that Sequoia has fully exited Zomato?
Tisha Malhotra made post

Is it true that Sequoia has fully exited Zomato?

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Aashna Tripathi answered.
4 weeks ago
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Let me clarify that while Sequoia has sold a substantial stake in Zomato, it has not fully sold out. In fact, Sequoia Capital joined other investors like Tiger Global, Uber Holdings and Moore Strategic Ventures who partially or fully offloaded stakes in Zomato. Sequoia had first invested in Zomato in the year 2013.

Sequoia had first offloaded 66 million shares last year post listing. In August 2022, Sequoia sold another 105 million shares, taking total number of shares sold to 171 million. Its holding in Zomato has fallen from 6.41% to 4.40%. Sequoia also got Zomato shares from its holdings in Blinkit, when the latter was merged into Zomato.
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