Oct 17: Zodius Capital has reportedly exited its investment in OfBusiness, a B2B e-commerce company, through a secondary share sale valued at approximately $100-120 million.

Zodius Capital has realized over $100 million from its initial $8 million investment made in late 2016, Gautam Patel, co-founder of Zodius and managing partner at Z3Partners, confirmed to The Economic Times.

This transaction marks the second-largest secondary sale in the new-age sector this year, following a $200 million share sale by Lenskart.

The newspaper reported that Z47 (previously known as Matrix India Partners) - an early investor in the Gurugram-based fintech and commerce startup - is also looking to sell its stake, valued at around $50-60 million, and is in discussions with several funds focused on secondary investments, such as TR Capital and Oister Tribe Ace Fund. 

The recent deal values OfBusiness, which was previously assessed at $5 billion, at approximately $4 billion.