India-focused offshore funds and ETFs (exchange-traded funds) recorded the fourth straight quarter of net inflows in the April-June 2023 period, according to the Morningstar Offshore Fund Spy report.Before the September 2022 quarter, these funds had seen 17 consecutive quarters of net outflows. An offshore India fund is one that is not domiciled in India but […]
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Tiger-backed fund sells over 122 mn shares in ZomatoTiger-backed fund sells over 122 mn shares in Zomato
Internet Fund III, a Tiger Global-backed VC fund, offloaded 122 million shares in Zomato representing a 1.43% stake via a block deal on Monday. At Rs 91 a share, the deal value amounted to Rs 1,115 crore. The lock-in period of shares allotted to Blinkit shareholders during Zomato’s acquisition of the quick commerce entity ended […]