UTI Ventures Exits Excelsoft, Earns 50 Times Its Investment!

In one of the biggest exits by a private equity firm in India, UTI Ventures has made 50 times its investment by selling its 35.5% stake in e-learning firm Excelsoft Technologies for Rs 125 crore to hedge fund DE Shaw.

UTI Ventures had invested Rs 2.5 crore in 2001 in the Mysore-based firm. Other firms reportedly in the fray for the UTI Ventures stake were Sequoia Capital, Fidelity Ventures, Cisco Ventures, Silicon Valley Bank and Softbank.

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