Liquidity Events
Publisher S Chand sells entire stake in startup Testbook for Rs.18-Cr
Textbook maker S Chand has sold off its entire stake in Mumbai-based Testbook Edu Solutions, which prepares students for various competitive exams. The stake, valued at INR 18 crore, has been picked up by a domestic edtech player. S Chand's holding in the startup was through its wholly-owned subsidiary Safari Digital Education Initiatives. The return for the text-book maker is estimated to be 7.8x on the original investment of INR 2.30 crore made in December 2015.
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