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Elevation trims Paytm stake via Rs 1,556 Cr bulk deal

EntrackrEntrackr ยท 6h ago
Elevation trims Paytm stake via Rs 1,556 Cr bulk deal
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Elevation trims Paytm stake via Rs 1,556 Cr bulk deal Paytmโ€™s parent One97 Communications witnessed a significant shareholder shift this week as Elevation Capital (formerly SAIF Partners) offloaded a 1.86% stake in the fintech major through a bulk deal worth Rs 1,556 crore. According to data available on the National Stock Exchange, Elevation Capital and an affiliated entity together sold 1.19 crore equity shares at an average price of Rs 1,305 per share. The share sale trims Elevationโ€™s ownership in One97 from 15.33% to nearly 13.47%, as per regulatory disclosures. While the investment firm has been one of Paytmโ€™s earliest and most influential backers, this transaction does not mark a full exit. This comes months after Ant Group, the financial services arm of Alibaba, divested around 4% in One97 Communications for Rs 2,103 crore (about $246 million). Simultaneously, domestic institutional investors have shown growing interest. Motilal Oswal has increased its stake to 5.15% in the Noida-based fintech player. Paytmโ€™s regulatory environment has also seen movement this year. In August, its subsidiary Paytm Payments Services Ltd (PPSL) secured in-principle approval from the Reserve Bank of India to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. On the financial front, One97 reported a 24% year-on-year growth in revenue to Rs 2,061 crore during Q2 FY26, alongside a profit of Rs 21 crore in the same period. Elevation Capitalโ€™s partial offload highlights a broader shift in the venture ecosystem, where early-stage funds are increasingly monetizing legacy positions in unicorns. For Elevation, the move may free up capital for fresh bets across deeptech, fintech, and B2B categories, areas where the firm has been actively deploying in recent years.

Schroder Fund enters Ixigo via Elevation stake acquisition

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Schroder Fund enters Ixigo via Elevation stake acquisition
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Schroder Fund enters Ixigo via Elevation stake acquisition Elevation Capital (formerly SAIF Partners) sold Rs 135 crore ($15.7 million) worth of shares in Ixigo parent Le Travenues Technology via block deals on Thursday. This partial exit is estimated to have delivered a 25X return on investment for the venture capital firm. According to a filing accessed from the Bombay Stock Exchange (BSE), Elevation Capital offloaded 75.48 lakh shares at an average price of Rs 179.25 apiece. At the same time, global investor Schroder Fund made its entry into Ixigo by acquiring 53.68 lakh shares worth Rs 96.8 crore. Schroder Fund is a British multinational asset management firm with a presence in 37 locations across Europe, the Americas, the Middle East, and Africa. At present, it reportedly manages assets worth around $950 billion. Notably, the fund holds significant investments in Indian companies, particularly HDFC Bank and ICICI Bank, which together make up around 6โ€“7% of its total portfolio. In the startup space, Schroder is one of the largest stakeholders in e-commerce-focused packaging company Bizongo and also participated in Agrostarโ€™s $70 million Series D round. It has also backed Lenskart, FirstCry, Cultfit, Peel Works and Miko, among others. As of FY25, Elevation Capital held 5.46 crore shares in Ixigo (14.02%). After the partial sale, its stake will drop to 12.08%. This records Elevationโ€™s fourth partial exit from Ixigo. Most recently, it sold 21.5 lakh shares for Rs 38.27 crore (about $4.5 million). Earlier, the firm had offloaded shares worth Rs 100 crore ($12 million) in a pre-IPO secondary deal and Rs 180 crore ($21 million) during the IPO. For the quarter ended March 2025, Ixigo reported a 72% year-on-year increase in revenue to Rs 284 crore, while profit rose 2.4X to Rs 17 crore. Its revenue grew 39% to Rs 914 crore, but net profit fell 18% to Rs 60.2 crore in FY25. At the close of trading on Thursday (June 19), Ixigoโ€™s shares were priced at Rs 175, giving the company a market capitalization of Rs 6,885 crore.

Schroders increases stake in Ixigo to 7.18%

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Schroders increases stake in Ixigo to 7.18%
Medial

Schroders increases stake in Ixigo to 7.18% Global asset manager Schroder Investment Management has increased its stake in Le Travenues Technology Limited, the parent of travel booking platform ixigo. According to a stock exchange filing, Schroders Group entities, acting as discretionary fund managers, acquired additional shares on September 18, 2025. The acquisition was made via the open market in which Schroders bought 41,638 shares of ixigo, increasing its stake by 0.011% to 7.179% from the previous holding of 7.169%. Schroders now has 2,80,28,378 shares of Ixigo. Earlier this year, Elevation Capital offloaded shares worth over Rs 226 crore in a bulk stake sale, realizing a return of approximately 31.6X on its investment. Meanwhile, in that same period, Schroders had picked up an additional 16.6 lakh shares from the open market, pushing its shareholding to 5.176%. Ixigoโ€™s revenue from operations surged 72.5% to Rs 314 crore in Q1 FY26 compared to Rs 182 crore in Q1 FY25. During the period, the companyโ€™s net profit grew 27% year-on-year to Rs 19 crore in Q1 FY26 from Rs 15 crore in Q1 FY25. Ixigoโ€™s shares are trading at Rs 278.55 (as of 15:31 PM), giving the online travel aggregator a market capitalization of Rs 10,874 crore.

Motilal Oswal Mutual Fund increases stake in Paytm to 5.15%

EntrackrEntrackr ยท 3m ago
Motilal Oswal Mutual Fund increases stake in Paytm to 5.15%
Medial

Motilal Oswal Mutual Fund increases stake in Paytm to 5.15% Motilal Oswal Mutual Fund has increased its stake in One Communications Ltd, the parent company of fintech major Paytm, by acquiring additional shares. Motilal Oswal Mutual Fund acquired 26.31 lakh shares of Paytm through more than 20 schemes including Motilal Oswal Nifty Midcap Fund, Focused Fund, ELSS Tax Saver Fund and Nifty 500 in open market transactions on August 11, 2024, according to a regulatory filing. Motilal Oswal Mutual Fund has raised its stake in Paytm by 0.41% to 5.15%. Following the transaction, it now holds 32,91,399 shares in the company. The filing did not disclose the transaction value. Recently, Ant Group, the financial services arm of Alibaba, divested about a 4% stake in One97 Communications for Rs 2,103 crore. In Q1 FY26, Noida-based fintech firm Paytm reported revenue of Rs 1,918 crore and a net profit of Rs 123 crore, compared to a net loss of Rs 840 crore in the same quarter last fiscal. Paytm is currently trading at 1,234.9 per share, after touching its 52-week high of Rs 1,238 earlier in the day. The companyโ€™s total market capitalization stands at Rs 78,461.45 crore ($9.23 billion).

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