Micro VC firm Artha partially exits Everest Fleet with 19x return

Micro venture capital firm Artha Venture Fund-I has clocked 19x return (IRR of 105%) on its partial exit from its investment in Mumbai-headquartered Everest Fleet, a fleet management company. The stake sale was part of the Series B funding round of USD 20 million that Everest Fleet had raised from investors led by Uber and Paragon Partners. Artha had invested INR 10 crore in the company in 2019. The fund bagged USD 2 million from its partial stake sale in the company.