A source told Inc42 that Tenacity purchased the shares at about 40% lower valuation than in the previous round
A company spokesperson said that Tenacity joined Exotel’s cap table after a secondary purchase of shares, primarily from vested ESOP holders
PE firm Sistema Asia Capital also sold a part of its stake in Exotel to Tenacity via the secondary transaction
Early and growth stage investment firm Tenacity Ventures has joined the cap table of AI-powered customer engagement platform Exotel via a secondary…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)