Elevation Capital part exits Paytm, pockets Rs 1,556 6 crore via bulk deal
20 Nov 2025, 11:55 AMThe venture capital firm continues to hold over a 13% stake, which is valued at over Rs 11,000 crore, in Paytm.
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Elevation Capital has sold a portion of its stake in Paytm, marking the venture capital firm's first exit from the fintech company since its listing in November 2021.
Elevation Capital has sold around 2% stake in Paytm for Rs 1,556 crore via a bulk deal, according to stock exchange data.
The venture capital firm continues to hold over a 13% stake, which is valued at over Rs 11,000 crore, in the Vijay Shekhar Sharma-led fintech company.
Paytm has had a tumultuous journey since its initial public offering (IPO) and its disastrous listing in the winter of 2021. At an IPO price of Rs 2,150 per share, the company had a market capitalization of Rs 1500000 crore, but its shares took a huge beating, drawing flak against tech startups in general for their unrealistic valuations.
Paytm's shares have recovered from their lows but is still far away from the valuation it had envisioned then.
In the past years, other investors of Paytm such as SoftBank and Berkshire Hathaway have also fully exited the company.
Earlier this year, China's Alibaba-owned company Antfin also sold its entire stake in Paytm via a block deal.
Elevation Capital's part exit from Paytm comes at a time when two other fintech companies -- Pine Labs and Groww -- made their stock market debut this month that have turned out to be big liquidity events for their venture capital investors.
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