Zomato investor Moore exits at a loss, more could follow suit

Zomato investor Moore exits at a loss, more could follow suit

Photo by Ravi Sharma on Unsplash

In another pain point for the Zomato stock that has been badly battered after the end of a one-year lock-in period, venture capital firm Moore Strategic Ventures emptied its entire stake in the food delivery company at a loss, according to block deal data accessed by DealStreetAsia.

Moore Strategic Ventures has sold its entire holding of 4.25 crore shares in the company at Rs 44 per share. The size of the trade executed by Moore was around Rs 187 crore while it had bought them at Rs 191 crore before the IPO, effectively booking a loss of around Rs 4 crore on the investment. Moore did not immediately respond to a request for comment by DealStreetAsia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter