Tech
AdvantEdge’s Maiden Fund Reaps 11X Returns, Buoyed By Rapido Partial Exit
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SUMMARY
The VC firm said that its Fund I achieved an MOIC of 11.5X, and has distributed over 3X of the paid-In capital to its limited partners
AdvantEdge’s investment in Rapido alone raked in an internal rate of return of 67% including a 111X return on initial capital
ADV Fund I was launched in 2015, with a target corpus of about $11 Mn, with a focus on seed and early-stage investments. The fund has also backed names like Chalo, Baaz and Zingbus
Mobility-focussed venture…
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