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 held close to 60% stake in the company. JustDial had raised a total investment of around Rs 925 crore for its existing institutional investors including SAIF Partners, Tiger Global, Sequoia Capital and SAP Ventures and its promoter and founder VSS Mani, during the 2013 IPO. It's worth noting that the promoter group holding in JustDial reduced to 33.13% from 37.15% prior to the IPO. Last year, the JustDial board of directors approved an additional fund raising of Rs 1000 crore “through equity and related instruments”. Tiger Global's investments in 2015 Partial stake sale in JustDial notwithstanding, the venture capital firm has been very busy this year. Tiger Global backed baby products e-commerce venture BabyOye.com was acquired…
