3one4 Capital Scores 5-7X Returns From ToneTag Exit

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SUMMARY

The VC firm claimed that the secondary exit came at the same valuation on which the startup raised primary capital in its Series B2 funding round

3one4 Capital’s investment in Tonetag was made through its $41 Mn fund II via which it typically signed cheques of up to $1 Mn

ToneTag turned profitable in FY24, registering a PAT of INR 21 Cr against a loss of INR 6.1 Cr in FY23

Venture capital firm 3one4 Capital has announced its complete exit from digital payments solutions provider ToneTag about four months after the…



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3one4 Capital Scores 5-7X Returns From ToneTag Exit


SUMMARY

The VC firm claimed that the secondary exit came at the same valuation on which the startup raised primary capital in its Series B2 funding round

3one4 Capital’s investment in Tonetag was made through its $41 Mn fund II via which it typically signed cheques of up to $1 Mn

ToneTag turned profitable in FY24, registering a PAT of INR 21 Cr against a loss of INR 6.1 Cr in FY23

Venture capital firm 3one4 Capital has announced its complete exit from digital payments solutions provider ToneTag about four months after the…



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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