Zodius Capital Exits OfBusiness With $100Mn Secondary Share Sale

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Zodius Capital has reportedly marked its full exit from the B2B marketplace via a secondary share sale of around $100-120 Mn

The VC firm has secured more than $100 Mn in returns on its initial $8 Mn investment in OfBusiness

As per sources, this is one of the biggest outcomes for them from an early investment

Zodius Capital, an early investor in OfBusiness, has reportedly marked its full exit from the B2B marketplace via a secondary share sale of around $100-120 Mn.

Zodius has secured more than $100 Mn in returns on its initial $8 Mn investment in OfBusiness in late 2016, the VC firm’s cofounder Gautam Patel told ET.

Inc42 has reached out to the company for comments on the development. The story will be updated accordingly.

“Over the past few months, Zodius has made a complete exit from OfBusiness. This is one of the biggest outcomes for them from an early investment,” the report quoted a source as saying.

(The story will be updated soon)





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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Zodius Capital Exits OfBusiness With $100Mn Secondary Share Sale


SUMMARY

Zodius Capital has reportedly marked its full exit from the B2B marketplace via a secondary share sale of around $100-120 Mn

The VC firm has secured more than $100 Mn in returns on its initial $8 Mn investment in OfBusiness

As per sources, this is one of the biggest outcomes for them from an early investment

Zodius Capital, an early investor in OfBusiness, has reportedly marked its full exit from the B2B marketplace via a secondary share sale of around $100-120 Mn.

Zodius has secured more than $100 Mn in returns on its initial $8 Mn investment in OfBusiness in late 2016, the VC firm’s cofounder Gautam Patel told ET.

Inc42 has reached out to the company for comments on the development. The story will be updated accordingly.

“Over the past few months, Zodius has made a complete exit from OfBusiness. This is one of the biggest outcomes for them from an early investment,” the report quoted a source as saying.

(The story will be updated soon)





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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