Artha Venture Fund (AVF), a Mumbai-based early-stage microVC firm, has announced a partial exit from its investment in Everest Fleet, a fleet management company. The exit yielded a remarkable 19x return on AVF’s initial investment.
Everest Fleet recently secured $20 million in a Series B funding round led by Uber and Paragon Partners. In light of these developments, AVF’s partial exit from this venture has thus far resulted an Internal Rate of Return (IRR) of 105%.
Several Limited Partners (LPs) who had initially joined forc ..