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Grapevine

Z47 Venture Capital Firm Plans to Sell Stakes in Portfolio Companies

  • 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

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