Peak XV Partners offloads Go Digit shares worth Rs 100 crore via block deal
Among the buyers, Aditya Birla Sun Life Mutual Fund picked up 21.66 lakh shares worth nearly Rs 65 crore.
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Among the buyers, Aditya Birla Sun Life Mutual Fund picked up 21.66 lakh shares worth nearly Rs 65 crore.
Anupam Mittal founder of People Group and existing investor TDV Partners also invested in the funding round.
Cheque sizes are expected to range between $500,000 and $3 million.
The partial exit was facilitated through a secondary sale to the company's existing investors.
One of the sharpest criticisms against the micro VCs in the ecosystem today is around what some investors call “optionality capital”.
These reports are the most comprehensive, portfolio-first examination of fintech and financial services playbook of Peak XV, Elevation and Accel to date.
Early last year, Accel closed a $650 million early-stage fund for India and Southeast Asia.
The startup will use the fresh capital to expand globally and develop further AI capabilities on its platform.
The startup is building an AI-native mobility infrastructure designed to eliminate friction in cross-border travel.
While Arali Ventures has already returned its entire first fund, many of its portfolio companies are continuing to scale...
Existing investors 3one4 Capital and Zephyr Peacock participated in the funding round.
The funding round saw participation from Noa VC, WND Ventures and angel investors.
The startup will use fresh capital to boost product development, strengthen the platform’s AI capabilities, and expand its user base in the country.
Micro VC TDV Partners aims to fully deploy its second fund by the end of this year and plans to raise its new fund next year.
The fund was raised across three vehicles - India seed fund, India venture fund and Asia Pacific fund - to invest in companies across stages.
The coordinated exit of Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma comes at a time when Peak XV is in the middle of closing its first fully independent fund of $1.2-$1.5 billion.
The venture capital firm's relatively small and concentrated portfolio unlike most of its peers, who followed the spray and pray model, allowed for closer engagement, Lightbox partner Sandeep Murthy said.
Fresh from raising a $250mn fund, Fireside says it's not betting on AI models or power-law outliers, but on India becoming the AI use-case capital.
In an exclusive conversation, Beenext's Anirudh Garg notes that India has been slightly late to many of the global trends, especially in physical AI, infrastructure, and application AI.
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