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SUMMARY
A source told Inc42 that Tenacity purchased the shares at about 40% lower valuation than in the previous round
A company spokesperson said that Tenacity joined Exotel’s cap table after a secondary purchase of shares, primarily from vested ESOP holders
PE firm Sistema Asia Capital also sold a part of its stake in Exotel to Tenacity via the secondary transaction
Early and growth stage investment firm Tenacity Ventures has joined the cap table of AI-powered customer engagement platform Exotel
via a secondary…
