
IndiGo co-founder Rakesh Gangwal has invested $20 million in smart manufacturing company Zetwerk through Wheelhouse Venture Capital. The funding took place at a valuation of $2.8 billion. Gangwal also seeks to sell up to 3.3% stake in IndiGo through a block deal, with a share sale floor price set at ₹2,925 per share. Additionally, Gangwal has raised a substantial amount through block deals and open market transactions, totaling to billions of dollars.
India's IndiGo's co-founder Gangwal sells stake worth $820 mln https://t.co/gtTx3A6NrW https://t.co/wUhNvgHBjc
Rakesh Gangwal offloads 2.25 crore shares amounting to 5.83 per cent stake of IndiGo through bulk deals on BSE
IndiGo promoter Rakesh Gangwal sells company's shares worth Rs 6,785 crore through open market transactions, shows BSE data


