• Elevation Capital has partially exited its investment in Paytm, selling a 2% stake for Rs 1,670 crore ($186 million). This marks their first sale of Paytm shares since the company's IPO in November 2021.
• The VC firm, which first invested in Paytm in 2008, has now realized approximately Rs 6,028 crore from its Paytm holdings. Their remaining stake is valued at around Rs 11,686 crore.
• Elevation's third fund, which invested in Paytm in 2008, has generated an 85x return on its latest tranche of shares sold, bringing its total earnings from this investment to Rs 3,960 crore. This fund still holds a significant stake in Paytm.
• The VC firm's fourth fund, which invested in later rounds, has achieved a 4.3x return on its latest sale, having already recouped its principal investment. This fund also retains a substantial stake in Paytm.

Malvika Maloo

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