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The Centre for Innovation, Incubation and Entrepreneurship (CIIE.CO), the start-up incubator based by IIM Ahmedabad, introduced the worthwhile exits of 4 start-ups: Guvi, Barrix, Transerve and Riskcovry. Over the previous 15 years, the incubator has invested in over 350 start-ups with greater than 40 worthwhile exits.
Indian start-ups have proved to be engaging acquisition targets for international leaders. Barrix Agro Sciences, creating pheromone-based pest management merchandise, was acquired by the Indian subsidiary of Japanese chemical large Sumitomo Chemical India, yielding a 5x return on IIMA-CIIE’s funding.
Returns
The situation intelligence start-up Transerve bagged a 12x return for the agency with its acquisition by Exactly, a worldwide chief in information integrity. IIMA-CIIE additionally bought its stake in Riskcovry, a full-stack insurance coverage distribution platform, to a wealth administration firm.
India’s unique IT storage start-up, HCL, acquired a majority stake within the edtech platform GUVI, a tech expertise studying platform in vernacular languages. Each transactions yielded a 6x return every to IIMA-CIIE, in accordance with a press launch.
“We’re thrilled to announce these profitable exits throughout a time when market situations have been notably powerful. Indian start-up entrepreneurs proceed to construct worth for the bigger home and international ecosystems at play whereas proving the profitability of early-stage investing,” stated Vipul Patel, Accomplice, Seed Investments at IIMA-CIIE.
Within the current previous, IIMA-CIIE introduced its partnership with SIDBI to launch a pre-seed fund, dedicated to investing as much as $100k every throughout 30 deep tech alternatives in India within the subsequent 24 months.
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