Goldman Sachs sells Eternal shares via ₹169 Cr block deal
Goldman Sachs has sold a portion of its stake in foodtech company Eternal through a ₹169 crore block deal, according to Inc42’s report on Thursday. The transaction, based on stock exchange filings, follows recent exits by other institutional investors in India’s consumer-tech space.
Earlier this week, Accel and 360 ONE reduced their holdings in BlueStone, while SEDEMAC’s backers sold shares post-IPO. Unlike those cases, details about Eternal’s valuation or the buyer in this deal remain unclear, leaving questions about investor appetite for foodtech assets.
The sector has faced challenges, including margin pressures and rising operational costs. Without a disclosed successor investor, such exits may suggest a broader reassessment of growth-stage bets in foodtech. Publicly traded players in the space have also seen volatility, reflecting shifting market sentiment.
For startups and investors, these moves point to a period where liquidity takes priority over new commitments. Further block deals could follow as shareholders evaluate their positions in the sector.
Sources: inc42.com
“The sale highlights how late-stage investors in India’s foodtech sector are seeking liquidity, potentially signaling shifts in funding dynamics ahead.”
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