Alibaba to sell Zomato shares worth $200 Mn: Report
Shortpedia
Content Team
Image Credit: inc42
China’s Alibaba is reportedly set to sell 3% of its stake, or shares worth $200 Mn, in foodtech startup Zomato via a block deal on Wednesday. The development comes more than two months after Zomato saw a sell-off in July and August this year after several of its pre-IPO investors partially or fully exited the loss-making venture post its lock-in expiry.
