Rapido delivers 111x return on AdvantEdge’s initial investment

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Rapido has become the largest contributor to AdvantEdge Founders Fund I, which reported an 11.5x MOIC (multiple on invested capital) and over 3x DPI (distribution to paid-in capital). 

A recent partial exit from Rapido delivered a 67% IRR (internal rate of return) and a 111x return on the investment first made in 2016, AdvantEdge said in a press release.

An ET report added that this includes a $28 million partial exit from Rapido, against an initial investment of about $2.5 to $3 million in the Bengaluru based startup.

The development follows recent…



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Rapido delivers 111x return on AdvantEdge’s initial investment


Rapido has become the largest contributor to AdvantEdge Founders Fund I, which reported an 11.5x MOIC (multiple on invested capital) and over 3x DPI (distribution to paid-in capital). 

A recent partial exit from Rapido delivered a 67% IRR (internal rate of return) and a 111x return on the investment first made in 2016, AdvantEdge said in a press release.

An ET report added that this includes a $28 million partial exit from Rapido, against an initial investment of about $2.5 to $3 million in the Bengaluru based startup.

The development follows recent…



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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