Eternal Ltd.

Tiger Global has reduced its stake in Zomato by almost half to 2.77 per cent by selling over 18.45 crore shares in the open market. Tiger Global's Internet Fund VI had a holding of 5.11 per cent in the online food delivery platform before the sale.

Between July 25- August 2, 2022, the fund sold over 18.45 crore shares aggregating to 2.34 per cent stake in the company in the open market. Post the sale, Internet Fund VI has 2.77 per cent stake in Zomato.

Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. It provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.