Promoters, early backers of Ather Energy eye strong gains through IPO

April 23, 2025

, By The Economic Times

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Promoters and early investors in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ather-energy” target=”_blank”>Ather Energy are set to make significant gains as the electric two-wheeler (E2W) maker heads for its public listing later this month.

Tiger Global, which invested in Ather in 2015 at Rs 38.58 per equity share, is set to offload shares at a multiple of 8.3x. Singapore-based sovereign wealth fund rel=”dofollow” href=”https://economictimes.indiatimes.com/general-insurance-corporation-of-india/stocks/companyid-12266.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>GIC, through Caladium Investment, and the National Investment and Infrastructure Fund (NIIF) — both of which joined Ather’s cap table in 2022 — are expected to clock multiples of 1.6x and 1.7x, respectively, the…

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Promoters, early backers of Ather Energy eye strong gains through IPO

April 23, 2025

, Published By The Economic Times

Promoters and early investors in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ather-energy” target=”_blank”>Ather Energy are set to make significant gains as the electric two-wheeler (E2W) maker heads for its public listing later this month.

Tiger Global, which invested in Ather in 2015 at Rs 38.58 per equity share, is set to offload shares at a multiple of 8.3x. Singapore-based sovereign wealth fund rel=”dofollow” href=”https://economictimes.indiatimes.com/general-insurance-corporation-of-india/stocks/companyid-12266.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>GIC, through Caladium Investment, and the National Investment and Infrastructure Fund (NIIF) — both of which joined Ather’s cap table in 2022 — are expected to clock multiples of 1.6x and 1.7x, respectively, the…

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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Meta Ray-Ban smart glasses to launch in India soon

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AI chatbot traffic surges 80% YoY but trails traditional search engines like Google: report

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