India, Sept. 18 -- Fintech unicorn BharatPe has seen its first secondary share sale in four years, with Gujarat-based family offices acquiring a 2.6% stake through wealthtech platform Wylth.
Sources told Inc42 that Gujarat based Ambition Investment Trust bought 1,700 shares, Cayroz 360One bought 1,473 shares and Twinroots LLP bought 1,232 shares.
The shares were sold by Finix Partners, which offloaded 4,405 shares from its 27,241-shareholding. The deal was executed at INR 4.06 Lakh per share, valuing the transaction at an estimated INR 179 Cr.
Finix Partners was founded by Bhavik Koladiya, one-time director of BharatPe and a former cofounder of the company.
The exact size of the transaction has not been confirmed and BharatPe and Wylt...
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.