CosmicTaco

Z47 Venture Capital Firm Plans to Sell Stakes in Portfolio Companies

CosmicTaco · 2024-10-10T08:32:38.475534+05:30

- Venture capital fund Z47, previously Matrix Partners India, is planning to sell stakes in its portfolio companies. - The sale could include stakes in companies like Ola, OfBusiness, Razorpay, and Dailyhunt, potentially earning Z47 around $150-180 million. - This move comes after Z47's split from Matrix Partners India and its rebranding, reflecting changes in the VC industry. - Z47's largest exits in recent years include a $300 million pullout from Five Star Finance and partial stake sales in OfBusiness, Dailyhunt, and Ola. - The trend of secondary portfolio sales is expected to increase as venture funds seek to demonstrate better DPI (distributed to paid-in capital). Source: [Economic Times](https://economictimes.indiatimes.com/tech/startups/vc-firm-z47-eyes-150-180-million-from-portfolio-companies-stake-sale/articleshow/114095791.cms)

Venture capital fund Z47, previously Matrix Partners India, is planning to sell stakes in its portfolio companies.
The sale could include stakes in companies like Ola, OfBusiness, Razorpay, and Dailyhunt, potentially earning Z47 around $150-180 million.
This move comes after Z47's split from Matrix Partners India and its rebranding, reflecting changes in the VC industry.
Z47's largest exits in recent years include a $300 million pullout from Five Star Finance and partial stake sales in OfBusiness, Dailyhunt, and Ola.
The trend of secondary portfolio sales is expected to increase as venture funds seek to demonstrate better DPI (distributed to paid-in capital).

Source: Economic Times