The founder and CEO of Zomato, Deepinder Goyal has sold off all his personal shareholdings in Blinkit to New York-based hedge fund Tiger Global. However, Zomato will continue to be a shareholder in the company.
Earlier, Deepinder Goyal sold all his personal shareholding in logistic firm Shiprocket after being called for a potential conflict of interest by investor Mohandas Pai. Mohandas Pai tweeted on December 10, “Shiprocket to raise $185 million in Series E round co-led by Zomato, Temasek. Is there a conflict of interest if a listed co-invests in a start-up where the founder of listed co had invested?”
Nothing like this has come out on Goyal’s investment in Blinkit. The CEO of Zomato first invested in Blinkit nearly six years ago and his company Zomato made its first investment in the company in 2021.