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Sequoia sells 171.9 million shares as investor exits continue at Zomato

Listed foodtech major Zomato has seen yet another investor offloading shares. Sequoia sold 171.9 million shares of the company, or about 2.01% of all equity shares on the open market, according to Zomato’s regulatory filings with the Bombay Stock Exchange (BSE).

Sequoia completed the sale in two tranches, selling the shares first between September 6 and October 14 of last year, following Zomato’s IPO in July 2021. Between June 27 and August 25, this year, the US-based venture capital firm sold shares. Sequoia now owns 375,895,935 shares of the foodtech giant, or approximately 4.40%.

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