Brazil-based secondary share sales platform Velvet enters Indian market

Brazil-based startup Velvet, which provides liquidity to startup investors and employees, has entered India. The platform would focus on startups that have raised either their Series B rounds or later in Bengaluru and Delhi-NCR. Velvet plans to collaborate with at least 3 to 4 startups this year, helping their employees avail stock liquidity solutions. Velvet provides solutions for late-stage tech companies to provide liquidity to both early employees and angel investors. Velvet buys stakes in privately-owned startups, allowing partners and employees to monetise their equity before the company goes public. Currently, Velvet is looking at startups with valuations of above USD 200 million.