We also include a fun fact in this episode where Karthik highlights how fifteen years ago, Mumbai Angels and he missed investing in Fractal Analytics at a mere ₹10 crore valuation. Fractal just completed a $170 million secondary sale at a whopping $2.44 billion valuation!
Here are this month’s insights:
- Fractal Analytics’ $170M secondary saw Apax Partners sell 6% while holding most of its stake—locking in returns yet keeping IPO upside. Buyers included White Oak, Gaja, NEO, and a 22-investor SPV, a structure letting smaller players into a pre-IPO deal.
-Infinity FinCorp’s $230M raise (₹600 crore primary, ₹350 crore secondary) shows large PE adapting to India’s growth-stage market. Partners Group bought extra secondary shares to push their total above $200M to meet their deployment minimum.
- Wiom Internet’s latest round (~90% primary, 10% secondary) saw Auxano Capital partially exit while keeping most of its stake. The exit locks in some gains while riding long-term upside—an increasingly common play for micro VCs nearing fund maturity.
🎯 Watch the full breakdown to know more!