Private Equity

Liquidity Events

Avataar Venture Partners sells RateGain shares worth Rs.206-Cr; registers 2.58x return

Stock Exchange Data  

Avataar Venture Partners, via Avataar Holdings, has sold 5,500,000 equity shares (5.08% stake) at INR 375.02 per share of publicly-listed RateGain Travel Technologies Ltd on June 1, 2023 through a bulk deal on the BSE. The sale aggregates to INR 206.26 crore. Post the sale, Avatar would hold 2,156,960 equity shares (1.99% stake) in the company.

From the Venture Intelligence PE-VC Deal Database: In Aug 2020, Avataar Venture Partners invested INR 111.29 crore for 7.39% stake. The company went public in Dec 2021 at INR 425 per share.