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Elevation Capital sells over 15 lakh shares of Tracxn for INR 15 Cr

Inc42 · 1y ago

Elevation Capital sells over 15 lakh shares of Tracxn for INR 15 Cr

Venture capital firm Elevation Capital has sold over 15.66 lakh shares of market intelligence platform Tracxn in block deals for INR 15.09 crore. The average price of the shares was INR 96.35 per share. Elevation Capital's decision to sell its stake in Tracxn could be due to the positive market sentiments and the startup's improving financial health. Tracxn has also seen other block deals, with Crony Vyapar, Graviton Research Capital, and QE Capital buying and selling its shares.

Related News

Elevation Again Dumps ixigo Shares In INR 97 Cr Block Deal

Inc42 · 2m ago

Elevation Again Dumps ixigo Shares In INR 97 Cr Block Deal

Elevation Capital, previously SAIF Partners India, sold over 53.98 lakh shares of online travel aggregator ixigo in a block deal valued at INR 97.44 crore. The shares were sold via Saif Partners India IV Limited at INR 180.50 each, slightly below ixigo’s last closing price of INR 180.65 on the BSE. Schroder International Selection Fund purchased 53.69 lakh of these shares for INR 96.9 crore. Last month, Elevation Capital sold 21.5 lakh ixigo shares for INR 38.27 crore.

Tracxn's Board Greenlits Stock Buyback Worth INR 8 Cr

Inc42 · 1m ago

Tracxn's Board Greenlits Stock Buyback Worth INR 8 Cr

Tracxn, a listed market intelligence platform, has approved a stock buyback program worth INR 8 crore. The company plans to purchase 11.42 lakh shares at INR 70 each, a 22% premium over the previous closing price of INR 57.37 on the BSE. This buyback, set for July 18, 2025, represents over 1% of Tracxn's total outstanding shares of 10.71 crore as of March 2025.

Swiggy’s Sriharsha Majety, Investors Sold Shares Worth INR 670 Cr Ahead Of IPO

Inc42 · 10m ago

Swiggy’s Sriharsha Majety, Investors Sold Shares Worth INR 670 Cr Ahead Of IPO

Days before Swiggy filed its updated draft red herring prospectus (DRHP), founder Sriharsha Majety and investors sold shares worth INR 670 Cr. Majety sold shares to Torroz Fintech for INR 23 Cr, while Torroz also purchased shares from Norwest Ventures for INR 200 Cr. Additionally, Strootaay Unlisted Brokers bought shares from Elevation Capital for INR 439.12 Cr. Torroz Fintech specializes in private market investments and was founded by directors of 4Sight Global Ventures in 2022.

WestBridge Capital Divests Stake In IndiaMART For INR 380 Cr

Inc42 · 1y ago

WestBridge Capital Divests Stake In IndiaMART For INR 380 Cr

WestBridge Capital recently sold shares of IndiaMART via three separate bulk deals, at a discounted price of INR 2,601 per share. SBI Mutual Fund acquired 10.8 lakh shares for INR 280.9 crore, while Morgan Stanley Asia (Singapore) PTE purchased 1.9 lakh shares for nearly INR 50 crore. This coincided with IndiaMART receiving shareholder approval for the reappointment of Dinesh Agarwal as its MD and CEO until January 2030.

Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

Inc42 · 11m ago

Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

In a recent transaction, Peak XV Ventures sold 1.23 crore shares worth INR 610.98 crore, while Sequoia Capital Global offloaded 28.71 lakh shares worth INR 142.12 crore. Morgan Stanley and ICICI Prudential acquired these shares for INR 119.67 crore and INR 142.49 crore, respectively. The startup's shares experienced a 5.48% dip on the BSE after reaching a record high of INR 546.5 earlier in the week.

Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology - The Economic Times

Economic Times

Economic Times · 1m ago

Elevation Capital sells Rs 226 crore worth shares in Ixigo parent Le Travenues Technology - The Economic Times

Elevation Capital sold Rs 226 crore worth of shares in Ixigo's parent, Le Travenues Technology, reducing its stake to 6.45%. Schroder International Selection Fund acquired these shares, now holding a 5% stake. Previously, Elevation sold 53.9 lakh shares for Rs 97.4 crore and 21.5 lakh shares for Rs 38.27 crore. The firm's operating revenue grew 73% in a year, with Ixigo reporting a net profit increase of 27% to Rs 19 crore.

BlackBuck Raises INR 501 Cr From Anchor Investors

Inc42 · 9m ago

BlackBuck Raises INR 501 Cr From Anchor Investors

The logistics company, BlackBuck, raised INR 501.33 Cr from anchor investors in a recent round. The investors subscribed to 1.83 Cr equity shares at a price of INR 273 each. Among the anchor investors, Nomura invested the highest amount of INR 67.87 Cr, acquiring 24.86 Lakh equity shares of BlackBuck. Three domestic mutual funds were also allocated 61.39 Lakh shares for INR 167.60 Cr.

Nexus Ventures Sells 1.2 Cr Shares Of Delhivery

Inc42 · 2m ago

Nexus Ventures Sells 1.2 Cr Shares Of Delhivery

Nexus Venture Partners sold 1.2 crore shares of Delhivery for INR 461 crore through block deals. The major buyers included Axis Mutual Fund, Citigroup Global Markets, HDFC, and Tata Mutual Fund, among others. Morgan Stanley Asia Singapore emerged as the largest buyer, acquiring over 47 lakh shares worth INR 184.7 crore. Most shares, 1.02 crore, were sold from Nexus Venture Partners III for INR 395.2 crore, with additional shares sold from Nexus Opportunity Fund.

Elevation Capital sells Ixigo shares worth Rs 97.4 crore; Schroder buys stake

Economic Times

Economic Times · 2m ago

Elevation Capital sells Ixigo shares worth Rs 97.4 crore; Schroder buys stake

Elevation Capital sold 53.9 lakh shares in Ixigo's parent company for Rs 97.4 crore, marking a 25x return. Schroder International Selection Fund acquired a similar stake. Previously, Elevation offloaded 21.5 lakh shares for Rs 38.27 crore and had a 14% stake as of March, which is now 12%. Ixigo's net profit rose 128% YoY to Rs 16.7 crore, with quarterly revenue at Rs 284 crore, up 72% from the previous year.

Temasek, JP Morgan Offload CarTrade Shares Worth INR 535 Cr

Inc42 · 1y ago

Temasek, JP Morgan Offload CarTrade Shares Worth INR 535 Cr

Summary: Highdell Investment, owned by Warburg Pincus, sold 40.65 Lakh shares for INR 336.8 Cr, while MacRitchie Investments, an affiliate of Temasek, offloaded 20.32 Lakh shares for INR 168.2 Cr in CarTrade. Societe Generale, Verition, Bajaj Allianz Life Insurance, Goldman Sachs, HSBC, and others bought these shares. CarTrade's shares closed the day 2.33% lower at INR 836.95 on the BSE.

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