PixelSky Capital raises Rs 150 Cr in first close, targets Rs 400 Cr corpus

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PixelSky Capital, a secondaries-focused fund backed by boutique investment bank IndigoEdge and Yumlane founder Hitesh Ahuja, has raised Rs 150 crore in its first close and the fund targets a Rs 400-crore corpus.

The fund has already allocated capital into beauty platform Purplle and logistics firm Porter, investing around Rs 40-45 crore in each at a $1-billion (around Rs 8,700 crore) valuation. It aims to pick secondary stakes in at least three more late-stage startups over the next few quarters.

Currently, the firm is focused on closing the fund and…



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PixelSky Capital raises Rs 150 Cr in first close, targets Rs 400 Cr corpus


PixelSky Capital, a secondaries-focused fund backed by boutique investment bank IndigoEdge and Yumlane founder Hitesh Ahuja, has raised Rs 150 crore in its first close and the fund targets a Rs 400-crore corpus.

The fund has already allocated capital into beauty platform Purplle and logistics firm Porter, investing around Rs 40-45 crore in each at a $1-billion (around Rs 8,700 crore) valuation. It aims to pick secondary stakes in at least three more late-stage startups over the next few quarters.

Currently, the firm is focused on closing the fund and…



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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