Deepinder Goyal, online food aggregator and delivery platform Zomato’s Co-founder and Chief Executive Officer, has sold his personal stake in Blinkit, formerly known as Grofers, to Tiger Global Management.
Goyal had first invested in Blinkit in 2015, and based on Blinkit’s latest share price available post its last fundraise, Goyal will be making $2.86 million through the deal.
Goyal has transferred 42,371 preference shares to Tiger Global’s Internet Fund III Pte Ltd, filings made by Grofers International with Singapore's Accounting and Corporate Regulatory Authority (ACRA).
Grofers is run and operated by Grofers India Pvt Ltd, a subsidiary of Singapore-based Grofers International Pte Ltd.
Last year, Blinkit had signed a deal with Zomato and Tiger Global to raise $120 million as a part of a fresh infusion. Blinkit cofounder Albinder Dhindsa later confirmed that the infusion was made at a valuation of more than $1 billion, with which the e-grocer became the 24th unicorn in 2021.
Zomato was in talks to invest up to $500 million in additional funding in Blinkit, marking it one of the largest investments ever made by the Indian foodtech major in any startup.
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