Exclusive: Kalaari Gets 14X Return After Exit From Simplilearn
India, Sept. 22 -- Early-stage investor Kalaari Capital received almost 14X return after its exit from Bengaluru and San Francisco-based edtech startup Simplilearn. Earlier in July this year, private equity investor Blackstone acquired a majority stake of around 60% in Simplilearn for $250 Mn.
Of the total $250 Mn (approx INR 1,841 Cr) acquisition deal, over $214 Mn (INR 1,536 Cr) was utilised by Blackstone to buy shares of existing investors such as Kalaari Capital, Helion Ventures, Innoven Capital, and Mayfield, Inc42 source said. Vani Kola-led Kalaari Capital which had invested a total of around $9 Mn in the startup received $126 Mn from the exit, the source added.
Another early to mid-stage venture capital Helion Ventures has receiv...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.