Auxano Capital clocks 5.5X return on EduGorilla exit

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Auxano Capital, a SEBI-registered venture capital firm, has exited test-prep and edtech platform EduGorilla Community, delivering a 5.5X return on invested capital.

Auxano had first backed EduGorilla in 2020 during its maiden institutional round, after the company had raised from angels. Since then, the Lucknow-based startup has scaled its revenues 50X, secured six patents, expanded into SaaS for B2B players in 2022, and recently rolled out a GenAI-powered product that counts global large language model developers among clients.

“The space became…



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Auxano Capital clocks 5.5X return on EduGorilla exit


Auxano Capital, a SEBI-registered venture capital firm, has exited test-prep and edtech platform EduGorilla Community, delivering a 5.5X return on invested capital.

Auxano had first backed EduGorilla in 2020 during its maiden institutional round, after the company had raised from angels. Since then, the Lucknow-based startup has scaled its revenues 50X, secured six patents, expanded into SaaS for B2B players in 2022, and recently rolled out a GenAI-powered product that counts global large language model developers among clients.

“The space became…



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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