Liquidity Events
Z47 fully exits electric scooter maker Ola Electric with 7-10x returns: report
Venture capital firm Z47 (formerly Matrix Partners India) has fully exited its position in Bengaluru-based electric two-wheeler maker Ola Electric . The VC firm realised 7-10X returns on its investment of INR 107 crore following its full exit.Z47 held around 8.5 crore shares, or a 1.93% stake, as of June 30, which reduced to nil as of September 30. The VC firm had first invested in Ola Electric in 2019. At the time of Ola Electric’s listing in August 2024, Z47 held around a 2.8% stake (over 12.5 crore shares).
Z47 invested in Ola Electric as part of the Series A in 2019. Other investors in the company include Arun Sarin Family, Ratan Tata, Tiger Global, Munjal Family Office, SoftBank Corp, 360 ONE, Edelweiss Private Equity, Tekne Capital Management, Temasek and others.
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