Venture capital firm Peak XV Partners exited Indian fintech firm One MobiKwik Systems in a block deal worth over 1.30 billion rupees ($13.76 million) on Tuesday, a source with direct knowledge of the matter told Reuters.
Peak XV sold about 6.08 million shares, or roughly 7.7% equity, at an average price of 214 rupees per share, the source, who did not want to be identified as the transaction is confidential, said.
Investment firms Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital were among the buyers in the block deal, the source said.
Peak XV had been an early institutional investor in One MobiKwik and the sale marks its complete exit from the fintech firm following the block transaction, the source said.
One MobiKwik Systems did not immediately respond to a Reuters request for comment.
Reuters
