SoftBank KKR and others sold nearly 18,000cr in Indian startups
Business
Big global investors like SoftBank, KKR, Peak XV Partners, and Y Combinator have sold nearly ₹18,000 crore worth of shares in Indian startups over the past eight months as IPO lockups ended.
Startups like Groww, Lenskart, Meesho, and Ather Energy saw major share sales.
Even after these exits, investors still own over ₹1.18 lakh crore in these companies.
Peak XV booked 97x on Groww
Early investors scored huge wins: Peak XV Partners got a 97x return on Groww; Ribbit Capital and Y Combinator made 80x and 53x respectively.
Lenskart led with over ₹10,000 crore worth of shares sold post-IPO; Groww followed at over ₹5,500 crore.
Analysts say India's IPO market now gives investors better ways to cash out gradually instead of all at once, a sign the ecosystem is maturing.