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Tiger Global sheds 3.4% stake in JustDial, but has been busy this year

Tiger Global has sold a 3.4% stake in JustDial for Rs 300 crore, reports The Economic Times. The report mentions that following this partial exit, Tiger Global's stake in the online directory services company stands at about 9%. Tiger Global is believed to have sold a partial stake during JustDial's 2013 IPO as well. Tiger Global had invested about Rs 77 crore in JustDial in 2007 and a further Rs 30 crore in 2009. The ET report also mentions that SAIF Partners and Sequoia Capital, the other JustDial investors, have also made partial exits over the past few quarters. Sequoia Capital had invested $8.2 million in 2009, $10 million along with SAP Ventures in 2011, and a further Rs 305 crore in 2012. As of June 2012, the PE firms Tiger Global, Sequoia Capital, SAIF Partners, SAP Ventures and EGCS…

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