• Sixth Sense Ventures has partially exited its investment in Parag Milk Foods Ltd by selling a small stake through open market transactions. This move is part of the firm's strategy to monetize existing investments while raising a new fund.
• The venture capital firm initially invested in Parag Milk Foods in May 2021 and has since increased its stake, demonstrating a growing conviction in the dairy company. Parag Milk Foods is a significant player in the Indian dairy market, offering products under well-known brands.
• This latest partial exit is estimated to have generated a multiple on invested capital of almost 3x and an internal rate of return (IRR) of 26% in rupee terms, exceeding typical industry benchmarks. Sixth Sense Ventures has achieved a realized IRR of approximately 24% from its partial exits to date.
• Following this transaction, Sixth Sense Ventures and its affiliates still hold a substantial stake in Parag Milk Foods, valued at around Rs 227.5 crore. This partial exit is one of several liquidity events Sixth Sense has pursued recently, showcasing a pattern of monetizing successful investments.

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Venture capital&nbsp;firm Sixth Sense Ventures has made a partial exit from a company it backed four-and-a-half years ago, making at least its second...

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