Domestic financial investors Oister Global and Tribe Capital India have partnered to launch their secondary franchise in India, with plans to invest $500 million over the next two years, primarily into growth and late-stage startups.
According to Oister Global, $7.7 billion has been transacted through secondary deals in the last four to five years. This number rivals the total amounts raised via IPO exits during the same period.
The franchise aims to capitalize on the growing demand for secondaries in India, which are increasingly viewed as a lucrative exit route for early investors, including angel investors and micro VCs. Secondary buyouts provide liquidity to existing shareholders while enabling new investors to gain entry into promising startups.
As per data compiled by TheKredible, secondary transactions have increased in 2024. Some of the biggest beneficiaries of secondary transactions are Lenskart, Meesho, Shadowfax, Fibe, Wow! Momo, Porter, Purplle, Visit Health, Urban Company, among others.
Tribe Capital India counts companies like Apollo.io, Shiprocket, Blackbuck, Docker etc in its portfolio. It’s reportedly eyeing stake in BatterySmart, Rivigo and Zypp Electric.
Oister Global has earlier backed venture equity and debt funds such as Blume Ventures and Stride Ventures.
By Entrackr
Source: Entrackr