Former Peak XV MD launches secondaries fund as VCs look beyond traditional exits

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Former Peak XV MD launches secondaries fund as VCs look beyond traditional exits - YourStory

Quick Summary:

Kenro Capital has entered the ecosystem at a time when there is a surge in the number of secondary transaction-focused venture capital firms, driven by early-stage startup investors exploring faster exit alternatives beyond public listings and acquisitions.

According to a report by Moneycontrol, shares of startups such as Innovaccer, BharatPe, ShareChat, Cult.fit, and Meesho, among others, have been in the market and have exchanged hands.“GPs (General Partners at VC firms) are also getting more disciplined about taking some chips off the table in a regular fashion.

In secondary transactions, shares are exchanged between investors at a mutually agreed price, without involving the infusion of new capital into the company or the issuance of additional shares.