Peak XV Partners offloaded a little over 2.3 Cr shares via its investment vehicle, Peak XV Partners Pine Investment Holdings, amounting to INR 508 Cr as part of the OFS component of the fintech major’s IPO
The sale will fetch the VC firm a 39.5X return on its initial bet on the company
However, Lightspeed’s two investment entities are realising less than their acquisition cost, while BlackRock’s multiple offshore funds are barely breaking even on their holdings
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