After Tiger, Sequoia sells 2% in Zomato

Bengaluru: Sequoia Capital India has sold 2% in food delivery startup Zomato in the open market, a BSE filing said. Sequoia holds 4.4% stake post the transaction.It has sold its stake in two tranches – it offloaded 6.7 crore shares between September and October last year. In the latest round, it sold 10.5 crore shares between June and August through Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II, the BSE filing showed.The development comes close on the heels of Tiger Global reducing its stake in Zomato after it sold 2.3% of the total shares during July and August.