Peak XV Scores Nearly 10X Return From Porter Exit

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SUMMARY

Sources told Inc42 that Peak XV exited with a payout close to INR 1,200 Cr on a total investment of around INR 116 Cr

Just a few days back, Porter turned unicorn after bagging $200 Mn in a funding round

Of the total fundraise, around $120–150 Mn came via secondary share sales, largely involving investors like Peak XV and Kea Capital

Peak XV Partners has clocked nearly 10X returns by fully exiting its investment in hyperlocal logistics startup Porter during the…



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Peak XV Scores Nearly 10X Return From Porter Exit


SUMMARY

Sources told Inc42 that Peak XV exited with a payout close to INR 1,200 Cr on a total investment of around INR 116 Cr

Just a few days back, Porter turned unicorn after bagging $200 Mn in a funding round

Of the total fundraise, around $120–150 Mn came via secondary share sales, largely involving investors like Peak XV and Kea Capital

Peak XV Partners has clocked nearly 10X returns by fully exiting its investment in hyperlocal logistics startup Porter during the…



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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