Cofounders Rake In INR 354 Cr, Y Combinator Mints 108X Return

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SUMMARY

Y Combinator, which offloaded 71.9 Lakh shares via the IPO, raked in 108X return at the upper end of the IPO price band of INR 105 to INR 111 per share

The company’s IPO comprised a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares

Elevation Capital, which offloaded the highest number of shares via the OFS at 2.4 Cr, bagged 37X return on its investment

The cofounders and investors of Meesho, which is set to list on the exchanges tomorrow, got…



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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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Cofounders Rake In INR 354 Cr, Y Combinator Mints 108X Return


SUMMARY

Y Combinator, which offloaded 71.9 Lakh shares via the IPO, raked in 108X return at the upper end of the IPO price band of INR 105 to INR 111 per share

The company’s IPO comprised a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares

Elevation Capital, which offloaded the highest number of shares via the OFS at 2.4 Cr, bagged 37X return on its investment

The cofounders and investors of Meesho, which is set to list on the exchanges tomorrow, got…



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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