Accel To Rake In 27X Gain, Elevation To Pocket 19X Return

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SUMMARY

Accel, which first invested in the startup in April 2015, sold shares worth up to INR 390 Cr in the IPO via the offer for sale (OFS)

Elevation Capital V (formerly SAIF Partners) sold 3.36 Cr shares worth INR 346 Cr, translating to about 19X gain on its average acquisition cost of INR 5.39

Bessemer India offloaded 1.68 Cr shares for INR 173 Cr, locking in around 14X return on its acquisition cost of INR 7.14 per share

With shares of Urban Company expected to start trading tomorrow following its INR 1,900 Cr IPO, the…



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Accel To Rake In 27X Gain, Elevation To Pocket 19X Return


SUMMARY

Accel, which first invested in the startup in April 2015, sold shares worth up to INR 390 Cr in the IPO via the offer for sale (OFS)

Elevation Capital V (formerly SAIF Partners) sold 3.36 Cr shares worth INR 346 Cr, translating to about 19X gain on its average acquisition cost of INR 5.39

Bessemer India offloaded 1.68 Cr shares for INR 173 Cr, locking in around 14X return on its acquisition cost of INR 7.14 per share

With shares of Urban Company expected to start trading tomorrow following its INR 1,900 Cr IPO, 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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