India Quotient to get 25x returns in Sharechat deal

Date posted: Wednesday 17 October 2018

Early-stage investment firm India Quotient is selling a part of its stake in vernacular social network Sharechat in a transaction pegged at around Rs.50 crore, giving it 25-30 times returns on its initial investment. Around 1-2% stake has been picked up by China’s Hillhouse Capital. India Quotient continues to hold around 5% stake in Sharechat, which is worth over Rs.165 crore right now.

(ET Tech)