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Unicorn India Ventures Partially Exits From Sascan Meditech With 6X Returns

Inc42 · 1y ago

Unicorn India Ventures Partially Exits From Sascan Meditech With 6X Returns

Sascan Meditech is a healthcare startup founded by Subhash Narayana in 2015. The Thiruvananthapuram-based company is focused on developing affordable healthcare products and solutions for cancer care. It has received INR 2 Crore in funding from a venture capital firm across two rounds, with the first investment made in 2020. UIV, the VC firm, still holds a significant stake in the company.

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How Unicorn India Ventures Doubled LPs’ Investments With Its Partial Exit Strategy

Inc42 · 1y ago

How Unicorn India Ventures Doubled LPs’ Investments With Its Partial Exit Strategy

Unicorn India Ventures (UIV), a venture capital firm, achieved impressive returns for its Limited Partners (LPs) by partially exiting its investment in the neobanking startup Open. UIV had invested INR 7 crore (about $854,000) in Open when few investors were willing to enter the fintech sector. In 2022, UIV partially exited Open at a valuation exceeding $650 million, resulting in an 85-90X blended return, doubling the initial value of Fund I for its LPs. UIV's success is attributed to its active involvement in startups, in-depth due diligence, and a strategy focused on B2B SaaS companies. The firm recently announced the first close of its INR 1,000 crore Fund III, with a focus on global SaaS and digital platform startups in sectors like climate tech, agritech, spacetech, and semiconductors. UIV's founders believe in controlling entry prices in startups rather than exit prices, which has protected them from market sentiments and resulted in meaningful exits.

Unicorn India makes neat profit from young portfolio; crosses midway mark for new VC fund

VCCircle

VCCircle · 1y ago

Unicorn India makes neat profit from young portfolio; crosses midway mark for new VC fund

Venture capital firm Unicorn India Ventures has sold a portfolio company, generating significant returns. This comes as the firm is in the process of raising its third fund. The strategic investor involved in the funding round remains undisclosed. Unicorn India Ventures has been successful in crossing the midpoint for its new venture capital fund.

TPG scores another rich harvest from recent India bet

VCCircle

VCCircle · 3m ago

TPG scores another rich harvest from recent India bet

American private equity firm TPG recorded substantial returns from an Indian company it invested in about 18 months ago. Known for being an active alternative investor in India, TPG made multiple exits from its India portfolio in 2024. The firm's successful investment strategy led to significant gains, underlining its keen understanding of the Indian market and its ability to identify lucrative ventures that align with its global investment goals.

Inflection Point Ventures Get Full Exit From Koovers With 47% IRR

Startup News FYI

Startup News FYI · 1y ago

Inflection Point Ventures Get Full Exit From Koovers With 47% IRR

Inflection Point Ventures (IPV) has achieved a complete exit from Koovers, an automobile spare parts platform, after the platform was acquired by Schaeffler India for INR 142 crore. IPV reported a 47% internal rate of return (IRR) and a 2.1x return on investment within 22 months of its initial investment in Koovers. IPV has delivered 22 partial exits and 12 full exits to its investors in 2023 with promising returns. Koovers supplies auto spare parts to independent auto workshops and has a presence in over 125 towns and cities in South India.

Inflection Point beats benchmark in exit from nearly half-a-decade old bet

VCCircle

VCCircle · 11m ago

Inflection Point beats benchmark in exit from nearly half-a-decade old bet

Venture capital firm Inflection Point Ventures (IPV) has achieved impressive returns with its full exit from Fashor, an ethnic wear brand. IPV reported an internal rate of return (IRR) of 33% and a money over money (MoM) multiple of 3.75x from its investment in the omnichannel retail company. The firm claims to have made 12 successful exits in 2022, with an IRR of 160%, and completed 14 exits in 2023 with a 61% IRR. To date, IPV has made 45 exits with an average IRR of 128% and evaluates thousands of startups annually.

Peak XV nets Rs 1,200 Cr gain from Porter exit, marks 11X return

YourStory

YourStory · 2m ago

Peak XV nets Rs 1,200 Cr gain from Porter exit, marks 11X return

Peak XV Partners gained over Rs 1,200 crore by fully exiting logistics startup Porter, marking an 11-fold return on its Rs 116 crore investment. This exit is part of Peak XV's strategy of cash exits, generating about $3.6 billion over five years. Porter's valuation, now over $1.2 billion, underscores the challenges of mega-fund math in India, pushing large funds to seek multiple unicorn-scale exits for meaningful returns. Peak XV plans to raise a $1.4 billion fund.

How juicy was Sixth Sense Ventures’ latest exit move?

VCCircle

VCCircle · 1y ago

How juicy was Sixth Sense Ventures’ latest exit move?

Consumer sector-oriented venture capital firm, Sixth Sense Ventures, led by founder Nikhil Vora, has made another exit. The firm has divested nearly a quarter of its stake in a portfolio company, with a goal of maximising returns for its investors. This comes after Sixth Sense Ventures has successfully completed two full exits with significant returns and increased its investment in a food processing firm earlier this year.

Blume Ventures sees five-fold gain from first fund

Economic Times

Economic Times · 1y ago

Blume Ventures sees five-fold gain from first fund

Indian venture capital firm Blume Ventures has announced that its first fund has yielded returns of over five times the invested capital, including an extension fund. The firm invested a total of ₹114 crore ($15 million) between 2010 and 2015, generating 98% of the returns from 17 companies. Blume Ventures, which aims to address a gap in seed-stage funding for startups, has raised four funds so far. The latest fund, launched in 2022, raised $290 million. The firm has realised ₹549 crore ($73 million) through exits, with more expected in early 2023.

Kalpavriksh Fund exits The Ayurveda Experience with over 6x returns

Entrackr

Entrackr · 1y ago

Kalpavriksh Fund exits The Ayurveda Experience with over 6x returns

Kalpavriksh Fund, a VC fund managed by Acorn Fund Consultants, has announced its exit from its long-term investment in The Ayurveda Experience (TAE) with over 6x returns. Kalpavriksh Fund invested in TAE in 2018 as a part of its Series A fundraise, and subsequently participated in multiple follow-on rounds as well. In 2023, Kalpavriksh Fund was acquired by Prowess Advisors, a global pioneer in food and agri-business advisory services. Founded by Rishabh Chopra, The Ayurveda Experience is a global health, wellness, and beauty platform serving over 1.38 million customers. The company offers a range of ayurveda-inspired brands, including skincare, body care, hair care products, wellness supplements, and functional foods in select markets. TAE recently raised $27 million in a Series C funding round led by Jungle Ventures, with participation from SIDBI Ventures, Anicut Capital, and Sharrp Ventures. This funding round brings the total amount raised by the company to over $41 million. In FY23, The Ayurveda Experience’s revenue from operations grew 84% to Rs 259 crore from Rs 141 crore in FY22, according to startup data intelligence platform TheKredible. The growth in scale and controlled expenditure may help the company break even or turn profitable in FY24 as its losses declined 30% to Rs 17 crore in FY23 from Rs 24 crore in FY22. Kalpavriksh Fund manages assets worth approximately Rs 90 crore, specializing in growth-stage investments in the food, agribusiness, sustainability, and affiliated tech sectors in India. The fund’s portfolio includes BluSmart, Dunzo, The Label Life and Littlemore Innovations, among others.

Elevation Capital, Peak XV Partners to score multibagger returns from tech bet

VCCircle

VCCircle · 1y ago

Elevation Capital, Peak XV Partners to score multibagger returns from tech bet

Elevation Capital and Peak XV Partners, prominent venture capital investors in Indian startups, aim to generate significant returns from a tech company investment. Formerly known as SAIF Partners and Sequoia Capital India and Southeast Asia respectively, the firms plan to partially monetize their investments. The tech bet is anticipated to yield multibagger returns for both Elevation Capital and Peak XV Partners.

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