$430M in Secondaries? India’s Big Exit Shift
Blume VenturesJuly 14, 202500:09:49

$430M in Secondaries? India’s Big Exit Shift

In the latest episode of our Decoding Exits series, Karthik shares his perspectives on June’s secondary transactions that are reshaping how Indian startups and investors think about liquidity.

Here are three key insights from these deals:

- Portfolio Sales Command Premium: Eight Roads' $50M portfolio sale to TR Capital shows how bundling strong assets (MoEngage, Shadowfax, Whatfix) creates more attractive exit opportunities than single-asset sales
- Continuation Funds Going Mainstream: Multiples PE's massive $430M continuation vehicle demonstrates how fund managers can retain promising assets while providing LP liquidity—a model that’s gaining traction in the Indian VC/PE space
- Profitable Companies Drive Demand: Secondary buyers are laser-focused on companies with clear paths to profitability or IPO readiness, as seen in both Eight Roads and Multiples PE transactions

Watch the full breakdown to understand how these secondary transactions are structured and what they signal for India's maturing startup ecosystem. 🎯