| BlueStone×7 | Consumer & Commerce | Public | Accel India · Kalaari Capital · Prosus Ventures · Info Edge Ventures · Stride Ventures · InnoVen Capital · BlackSoil | Accel: Listed Aug 2025; 8.12x partial realisation: Kalaari: ₹443 Cr pre-IPO sales + ₹206 Cr at IPO (6.3x tranche); ~8x overall, ~40 lakh shares retained: Prosus: Held through the Aug 2025 listing: Info: ~3%: did NOT sell in the Aug 2025 IPO; company turned FY26-profitable: Stride: Fund III cohort; listed Aug 2025: InnoVen: 2024 cohort; listed Aug 2025: BlackSoil: Plus ₹10 Cr via Caspian: listed Aug 2025 |
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| Meesho×7 | Consumer & Commerce | Public | Elevation Capital · Peak XV Partners · WestBridge Capital · Prosus Ventures · SoftBank Vision Fund · Tiger Global · Trifecta Capital | Elevation: Listed Dec 2025 (+46% pop); 'Elevation's fund returner'; sold only ~4% in IPO: conviction hold: Peak: Holds 11.3% worth ₹5,342 Cr post-listing; 25.9x paper: WestBridge: 3.92% at RHP: bought from Venture Highway in 2023; no OFS sale found: Prosus: 11.2% (~$1bn); sold only ~$7M in OFS: $831M fair-value gain booked: SoftBank: Did not sell in the Dec 2025 IPO: Tiger: Bought INTO the anchor book at ₹111: public-side re-entry, not an exit: Trifecta: The graduation template |
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| Zepto×7 | Consumer & Commerce | Unicorn | Nexus Venture Partners · Accel India · Lightspeed India · General Catalyst India · Stride Ventures · Trifecta Capital · Alteria Capital | Nexus: Earliest institutional backer; updated DRHP filed Jun 2026; Nexus leads OFS while founders skip sale; ED/FEMA disclosure is the overhang: Accel: Quick-commerce exposure: Lightspeed: Followed on in CalPERS-led round at $7bn (Oct 2025); IPO queued: General: Led at $5bn Aug 2024; ~$7bn later marks; IPO-bound: co-held with Nexus, Lightspeed, Accel: Stride: Marquee borrower: the quick-commerce burn Stride's product exists to bridge: Trifecta: Cross-referenced: 4 equity holders + 2 credit desks on this platform now touch Zepto: Alteria: Unicorn |
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| GIVA×6 | Consumer & Commerce | Soonicorn | A91 Partners · Kenro Capital · Premji Invest · Creaegis · India Quotient · Stride Ventures | A91: 9.58% pre-Series C; ₹530 Cr Creaegis round at $465M (Jun 2025): Kenro: Series C extension at ~₹4,900 Cr (+22%); alongside Premji Invest, Titan Capital: Premji: Led twice, participated in Creaegis-led Series C: four tracked firms now on this cap table: Creaegis: 240+ stores; fourth tracked firm on this cap table (A91, Kenro, Premji): India: ₹166 Cr returned with A91 in the Oct 2024 extension: Stride: Fifth tracked firm touching this name: four on equity, Stride on credit |
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| Swiggy×6 | Consumer & Commerce | Public | Elevation Capital · Accel India · Bessemer India · Prosus Ventures · SoftBank Vision Fund · InnoVen Capital | Elevation: Listed Nov 2024; reported ~34x; major OFS seller from Fund V: Accel: ₹412 Cr OFS at ~35x (cost ₹11.17/share); mostly exited: Bessemer: Claimed as portfolio IPO; absent from OFS list: residual position unclear (U): Prosus: 22.31% held; sold >$500M in the Nov 2024 IPO, held the rest: SoftBank: Held through IPO; $807M value vs $450M cost (Q1 FY26): InnoVen: The incumbent-era marquee borrower |
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| Infra.Market×5 | Logistics & Infra | Unicorn | Nexus Venture Partners · Tiger Global · Stride Ventures · Trifecta Capital · InnoVen Capital | Nexus: Construction materials; DRHP filed: IPO pipeline: Tiger: 2025 follow-on; DRHP filed: cross-held with Nexus: Stride: DRHP filed: cross-referenced with equity holders Nexus, Tiger: Trifecta: DRHP filed: InnoVen: DRHP filed |
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| ixigo×5 | Consumer & Commerce | Public | Elevation Capital · Peak XV Partners · Prosus Ventures · Info Edge Ventures · Trifecta Capital | Elevation: Listed Jun 2024; block sales at ₹226 vs ₹7.14 cost: up to 31.6x: Peak: 8.22x, ₹671 Cr value: Prosus: 15.16% via ₹1,296 Cr preferential + Peak XV/Elevation secondary: the listed-smallcap playbook: Info: Listed Jun 2024; unsold; Prosus now the big buyer on the register: Trifecta: 2024 IPO cohort |
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| Lenskart×5 | Consumer & Commerce | Public | Chiratae Ventures · Kedaara Capital · ChrysCapital · Temasek (India) · ADIA (India) | Chiratae: Listed Nov 2025 at ~$7.9bn; Chiratae took earlier liquidity via secondaries (Madison $70M bundle): Kedaara: Sold 73.6 lakh shares in the Nov 2025 IPO (~7x gross on 2019 entry, E); remainder held: ChrysCapital: IPO-seller status conflicting across sources (C): Temasek: 4.86% pre-IPO; sold in the Nov 2025 OFS: sixth tracked holder of this name: ADIA: 12.45% pre-IPO (2nd after SoftBank); held through OFS; ~₹1,900 Cr block Jun 2026 post lock-in |
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| Spinny×5 | Consumer & Commerce | Unicorn | Elevation Capital · Blume Ventures · General Catalyst India · Tiger Global · Alteria Capital | Elevation: Series F $170M at $1.5-1.7bn (2025); Elevation Holdings' first cheque: Blume: Used cars; same asset Elevation Holdings bought into at $1.5-1.7bn: General: Co-held with Elevation, Blume: Tiger: Cross-held with Elevation, Blume, GC: Alteria: Warrants returned 28x (firm claim): the kicker showcase |
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| Urban Company×5 | Consumer & Commerce | Public | Elevation Capital · Accel India · Bessemer India · Prosus Ventures · Trifecta Capital | Elevation: Listed Sep 2025; 19x on partial OFS (cost ₹5.39); ~9% retained: Accel: ₹390 Cr realised vs ₹14.28 Cr cost: 27x; sizable stake retained: Bessemer: Sold ₹173 Cr in OFS at 14.4x; listed +57.5%: Prosus: Doubled to 7.35% pre-IPO; did not sell at listing: Trifecta: Public |
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| Country Delight×4 | Consumer & Commerce | Soonicorn | Elevation Capital · Z47 · Alteria Capital · Temasek (India) | Elevation: D2C dairy & essentials: Z47: Co-held with Elevation: Alteria: Elevation and Z47 hold the equity: Temasek: Third tracked holder (Elevation, Z47) |
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| Euler Motors×4 | EV & Climate | Private | Blume Ventures · Trifecta Capital · BlackSoil · GIC (India) | Blume: Commercial EVs; follow-on 2026: Trifecta: With BlackSoil, Alteria: the EV/climate Fund IV tilt: BlackSoil: With Trifecta, Alteria: the three-desk EV syndicate: GIC: Now credit-syndicated by three tracked debt desks |
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| FirstCry×4 | Consumer & Commerce | Public | Chiratae Ventures · SoftBank Vision Fund · Premji Invest · ChrysCapital | Chiratae: Listed Aug 2024 +40%; held 12+ years across VC + Growth funds: SoftBank: ~$310M pre-IPO secondaries + IPO OFS; residual ~18-20% (E): Premji: Sold 8.6M shares in the Aug 2024 OFS (~66% gain on tendered); ~9.1% retained: ChrysCapital: Not in IPO OFS lists; holding unverified (E) |
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| OfBusiness×4 | Logistics & Infra | Unicorn | Peak XV Partners · Z47 · SoftBank Vision Fund · Tiger Global | Peak: B2B commerce + lending; IPO pipeline: Z47: Holds 10.8% at ~$5bn; running ~$200M part-stake pre-IPO sale: SoftBank: IPO-track: cross-held with Peak XV, Z47: Tiger: IPO-track |
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| Ola Electric×4 | EV & Climate | Public | SoftBank Vision Fund · Stride Ventures · Alteria Capital · Temasek (India) | SoftBank: Trimmed 17.8% → 13.53% in two 2.15% open-market programs: Stride: Listed Aug 2024; equity under pressure, debt senior: Alteria: Public: Temasek: Small OFS at IPO; mark well below entry |
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| Purplle×4 | Consumer & Commerce | Unicorn | Blume Ventures · Oister Global · Kedaara Capital · ADIA (India) | Blume: Beautytech; partial exits already 'game-changing' for Fund I: Oister: Co-held (as position) with Blume's book: Kedaara: ADIA led the 2024 rounds at $1.25bn pre: ADIA: Fourth tracked entity on this name (Kedaara, Blume, Oister) |
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| Razorpay×4 | Fintech | Unicorn | Peak XV Partners · Lightspeed India · Z47 · Tiger Global | Peak: Confidential DRHP filed; ~$5-6bn expected: the next big realisation: Lightspeed: IPO-bound 2026: Z47: Confidential DRHP Jun 12, 2026: ₹5,000-6,000 Cr at $5-6bn (below $7.5bn private peak): Tiger: Reverse-flipped to India; DRHP filed: cross-held with Peak XV, Lightspeed, Z47 |
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| ShareChat×4 | Consumer & Commerce | Unicorn | Elevation Capital · Lightspeed India · Tiger Global · India Quotient | Elevation: Down-round territory vs 2021 peak: Lightspeed: Marked down from $5bn peak; no 2025-26 revaluation found: Tiger: The 2021-vintage markdown emblem: India: 25-30x partials banked 2018; residual rides the markdown |
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| Zetwerk×4 | Logistics & Infra | Unicorn | Peak XV Partners · Accel India · Lightspeed India · InnoVen Capital | Peak: Manufacturing marketplace; IPO prep; cross-held with Accel & Lightspeed: Accel: IPO prep; cross-held with Peak XV & Lightspeed: Lightspeed: IPO prep; triple cross-hold with Peak XV & Accel: InnoVen: Unicorn |
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| Acko×3 | Fintech | Unicorn | Elevation Capital · Lightspeed India · Multiples | Elevation: Insurtech: Lightspeed: Insurtech: Multiples: Third tracked holder (Elevation, Lightspeed) |
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| Ather Energy×3 | EV & Climate | Public | Stride Ventures · Alteria Capital · InnoVen Capital | Stride: Listed May 2025: clean credit outcome: Alteria: Listed May 2025: InnoVen: Public |
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| BluSmart×3 | EV & Climate | Shut | Stride Ventures · Alteria Capital · BlackSoil | Stride: Insolvent post-Gensol fraud (CIRP Jul 2025); Stride's outstanding exposure never disclosed; absent from creditor filings: likely largely amortised (E): Alteria: CIRP Jul 2025; exposure and recovery undisclosed: BlackSoil: ₹30 Cr NCDs repaid Feb 2025 after delay; residual exposure at the Jul 2025 CIRP undisclosed |
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| Captain Fresh×3 | Consumer & Commerce | Soonicorn | Z47 · Prosus Ventures · Tiger Global | Z47: IPO-prep reported: Prosus: Follow-on Jan 2025 with Tiger, Accel; IPO-track: Tiger: Jan 2025 follow-on with Prosus, Accel |
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| CRED×3 | Fintech | Unicorn | Peak XV Partners · General Catalyst India · GIC (India) | Peak: Fintech flagship; monetisation improving: General: Legacy GC global deal: co-held with Peak XV: GIC: Third tracked holder (Peak XV, GC) |
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| Cult.fit×3 | Consumer & Commerce | Unicorn | Kalaari Capital · Chiratae Ventures · Temasek (India) | Kalaari: IPO-pipeline chatter; co-held with Chiratae: Chiratae: IPO-pipeline chatter; co-held with Kalaari: Temasek: Flat $1.45bn: final private round pre-IPO |
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| Darwinbox×3 | SaaS & Dev Tools | Unicorn | Peak XV Partners · Lightspeed India · Endiya Partners | Peak: Expected 2026 listing: Lightspeed: Expected 2026 listing: Endiya: Partial exit into the $140M KKR/Partners Group round (Mar 2025): Fund I's engine |
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| Dream11 (Dream Sports)×3 | Consumer & Commerce | Unicorn | Kalaari Capital · Tiger Global · ChrysCapital | Kalaari: 50x+ partials banked 2020-21; RMG ban (Aug 2025) forced fantasy-sports halt: mark impaired: Tiger: RMG regulatory overhang post-Gaming Act: ChrysCapital: Last marked $8bn (2021); RMG banned Aug 2025: impaired |
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| Emergent×3 | AI | Private | Prosus Ventures · SoftBank Vision Fund · Together Fund | Prosus: In the $70M SoftBank-co-invested round at $300M: SoftBank: $70M round at $300M: the AI restart's first visible print: Together: Vibe-coding agent: $90M (Sep 2025) → $300M (Jan 2026, SoftBank/Khosla/Prosus) → reported $1.5bn talks; $50M ARR claim |
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| Groww×3 | Fintech | Public | Peak XV Partners · Tiger Global · GIC (India) | Peak: Listed Nov 2025; ₹2,361 Cr realised; >$1bn total profit: Tiger: Sold ~₹518 Cr in OFS at 4.5x; residual ~1.5%: GIC: Did NOT sell in the May 2026 ₹5,326 Cr block: the hold-through playbook |
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| Jumbotail×3 | Consumer & Commerce | Private | Blume Ventures · Kalaari Capital · Arkam Ventures | Blume: B2B grocery commerce: Kalaari: Unicorn 2025, 8 years after first cheque; co-held with Blume: Arkam: Unicorn Jun 2025 ($120M SC Ventures-led); triple co-hold with Blume, Kalaari |
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| Jupiter×3 | Fintech | Soonicorn | 3one4 Capital · Z47 · Alteria Capital | 3one4: Consumer neobank: Z47: Co-held with 3one4: Alteria: 3one4 and Z47 on equity |
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| Juspay×3 | Fintech | Unicorn | WestBridge Capital · SoftBank Vision Fund · Kedaara Capital | WestBridge: $50M sole-investor round at $1.2bn: first unicorn of 2026: SoftBank: $60M Series D follow-on (Apr 2025): the only 2025 India cheque; WestBridge led the 2026 round: Kedaara: Third tracked holder (WestBridge, SoftBank): valuation more than doubled |
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| MobiKwik×3 | Fintech | Public | Peak XV Partners · Trifecta Capital · BlackSoil | Peak: Fully exited Apr 2026: ₹130 Cr block at ~3x: Trifecta: Listed Dec 2024 at 58% premium: BlackSoil: Public |
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| MoEngage×3 | SaaS & Dev Tools | Soonicorn | A91 Partners · Z47 · Multiples | A91: Entered $100M Goldman-led round Nov 2025: Z47: Davda-era deal; Goldman-led $100M round Nov 2025: Multiples: Fourth tracked holder |
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| OYO×3 | Consumer & Commerce | Unicorn | Lightspeed India · SoftBank Vision Fund · InnoVen Capital | Lightspeed: ₹6,650 Cr no-OFS IPO filed; >$1.4bn already taken out in 2019 (with Peak XV): SoftBank: ~46% pre-IPO; SEBI cleared Jun 2026; ₹6,650 Cr raise at $7-8bn target vs $10bn peak: InnoVen: IPO refiled |
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| PharmEasy×3 | Healthcare | Unicorn | Bessemer India · Prosus Ventures · Trifecta Capital | Bessemer: Distressed-recap history: Prosus: Legacy position, heavily marked down: Trifecta: Stress hit via the equity sleeve, not debt; markdown undisclosed |
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| Rapido×3 | Consumer & Commerce | Unicorn | Nexus Venture Partners · WestBridge Capital · Prosus Ventures | Nexus: Mobility; ride-hailing #2 in India by volume: WestBridge: 29.7% post May-2026 Prosus round at $3bn: 2.7x markup in 20 months; co-held with Nexus: Prosus: Led $240M at $3bn (May 2026) + bought Swiggy's entire stake (~₹1,968 Cr); ~26% |
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| Rebel Foods×3 | Consumer & Commerce | Unicorn | Alteria Capital · InnoVen Capital · Temasek (India) | Alteria: Unicorn: InnoVen: 13.9% coupon, 3-yr: the desk's pricing datapoint: Temasek: IPO ~2026 planned |
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| Sarvam AI×3 | AI | Unicorn | Peak XV Partners · Lightspeed India · Bessemer India | Peak: Sovereign-AI unicorn Jun 2026 ($234M round, HCLTech/Bessemer): Lightspeed: Co-led $41M Series A; unicorn Jun 2026: Bessemer: $234M first close at $1.5bn: largest pure-play Indian AI round; Nvidia/Amazon reported in |
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| Signzy×3 | AI | Private | Stellaris Venture Partners · Kalaari Capital · Arkam Ventures | Stellaris: AI onboarding for financial institutions: Kalaari: Regtech; co-held with Stellaris: Arkam: Third tracked co-holder (with Stellaris, Kalaari) |
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| Agnikul Cosmos×2 | Deeptech & Space | Soonicorn | Speciale Invest · pi Ventures | Speciale: $500M mark; suborbital flown; orbital targeted 2026; exploring up to $75M raise; co-held with pi Ventures: pi: $500M mark: co-held with Speciale |
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| Battery Smart×2 | EV & Climate | Soonicorn | Blume Ventures · Trifecta Capital | Blume: Battery swapping network: Trifecta: Fund IV-era emerging-sector cohort |
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| BharatPe×2 | Fintech | Unicorn | Alteria Capital · InnoVen Capital | Alteria: Unicorn: InnoVen: Unicorn |
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| boAt (Imagine Marketing)×2 | Consumer & Commerce | Unicorn | Fireside Ventures · InnoVen Capital | Fireside: SEBI-approved ₹1,500 Cr IPO, expected ~H2 2026; Fireside selling ₹150 Cr in OFS: InnoVen: IPO ~H2 2026 |
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| Delhivery×2 | Logistics & Infra | Public | Nexus Venture Partners · SoftBank Vision Fund | Nexus: Systematic sell-down: 10.26% at IPO → 4.49% by Dec 2025 (₹530 Cr + ₹186 Cr blocks): SoftBank: 10.15% at Jun 2024, trimming since; $285M gross gain |
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| Dozee×2 | Healthcare | Private | 3one4 Capital · Prime Venture Partners | 3one4: Contactless patient monitoring: Prime: Remote patient monitoring; co-held with 3one4 |
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| Eternal (Zomato)×2 | Consumer & Commerce | Public | Info Edge Ventures · Temasek (India) | Info: 12.38% worth ~₹32,000 Cr; ₹5,874 Cr Q4 FY26 unrealised markdown; never trimmed since 2024: Temasek: Bought into Alibaba's sell-down |
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| Exotel×2 | SaaS & Dev Tools | Private | Blume Ventures · A91 Partners | Blume: Cloud communications: A91: Cloud communications: co-held with Blume |
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| Good Glamm×2 | Consumer & Commerce | Shut | Chiratae Ventures · Stride Ventures | Chiratae: Distressed break-up 2025: the book's visible write-down: Stride: Broke up 2025; Stride-specific recovery undisclosed |
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| Greenko×2 | EV & Climate | Private | GIC (India) · ADIA (India) | GIC: ~$5bn stake sale stalled; $1bn Mumbai IPO optioned (R); ADIA holds 14.5% alongside: ADIA: Alongside GIC's stalled 58% |
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| Honasa (Mamaearth)×2 | Consumer & Commerce | Public | Stellaris Venture Partners · Fireside Ventures | Stellaris: ₹350 Cr realised at IPO + Jan 2025 secondary; residual 4.75% worth ₹410 Cr (Mar 2025): Fireside: 44x at IPO; >4,600% booked profit through Dec 2023 sell-downs; residual undisclosed |
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| K12 Techno (Orchids Schools)×2 | Consumer & Commerce | Private | Kenro Capital · Kedaara Capital | Kenro: Maiden deal Dec 2024: stakes from Peak XV & Sofina + ESOP liquidity + small primary: Kedaara: Kenro's $40M 2024 entry provided co-investor liquidity; Kedaara remains |
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| Kissht×2 | Fintech | Public | Endiya Partners · Trifecta Capital | Endiya: Listed May 2026 (+12%); ₹76 Cr OFS shared; AUM ₹5,956 Cr, net NPA 0.31%: Trifecta: Listed May 2026: clean credit outcome |
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| KreditBee×2 | Fintech | Unicorn | Arkam Ventures · Trifecta Capital | Arkam: Unicorn May 2026: $280M pre-IPO at ~$1.5bn; IPO path visible: Trifecta: Pre-IPO at ~$1.5bn |
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| Kuku FM×2 | Consumer & Commerce | Private | Oister Global · India Quotient | Oister: The asset 3one4 exited at 38x: Oister on the buy side: India: $85M Granite Asia-led Series D (Oct 2025); 3one4 sold at 38x, IQ still holds, Oister bought in |
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| Lendingkart×2 | Fintech | Acquired | India Quotient · Temasek (India) | India: Fullerton took control at <$100M vs $700M peak: effective wipeout: Temasek: 38% → 77%, founder ousted; NCLT oppression petition Nov 2025 |
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| Licious×2 | Consumer & Commerce | Unicorn | 3one4 Capital · Multiples | 3one4: D2C meat & seafood: Multiples: IPO deferred to FY27-28 at ~$2bn ambition; co-held with 3one4 |
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| Niyo×2 | Fintech | Soonicorn | Prime Venture Partners · Multiples | Prime: $179M raised; no round since Oct 2023: Multiples: Third tracked holder |
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| OneCard×2 | Fintech | Unicorn | Z47 · Alteria Capital | Z47: Unicorn: Alteria: Z47 on equity |
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| Oolka×2 | AI | Private | Accel India · Z47 | Accel: AI fintech; $14M Series A led + ~$12M follow-on 2026: Z47: AI consumer-finance agent; Accel-led round, Z47 existing |
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| Perfios×2 | Fintech | Unicorn | Bessemer India · Kedaara Capital | Bessemer: Holds >26%; IPO prep ~$500M at ~$2bn; FY25 profit ₹104 Cr: Kedaara: >26% holder alongside Warburg and Bessemer; ~$500M IPO planned |
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| PhysicsWallah×2 | Consumer & Commerce | Public | Lightspeed India · WestBridge Capital | Lightspeed: Listed Nov 2025 (+33%); did not sell: long-hold signal: WestBridge: 7.8% held; sold nothing in the Nov 2025 IPO; ~3.5-4x paper (E) |
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| Pine Labs×2 | Fintech | Public | Peak XV Partners · Kenro Capital | Peak: Listed Nov 2025; 39.5x on shares sold: Kenro: Listed Nov 2025 at ~$2.86bn: the model's fast validation |
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| SigTuple×2 | Healthcare | Private | Endiya Partners · pi Ventures | Endiya: AI pathology; Horiba global distribution deal; co-held with pi Ventures: pi: Edge-AI analyzer with NVIDIA (Feb 2026); co-held with Endiya |
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| Skyroot×2 | Deeptech & Space | Unicorn | Arkam Ventures · GIC (India) | Arkam: India's first spacetech unicorn (May 2026, $60M): links directly to our space-tech dossier: GIC: Second tracked holder (Arkam); capital for Vikram-1 cadence |
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| smallcase×2 | Fintech | Soonicorn | Blume Ventures · Arkam Ventures | Blume: Investment platform: Arkam: $50M Elev8-led Series D (Mar 2025); co-held with Blume |
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| SpotDraft×2 | SaaS & Dev Tools | Private | Arkam Ventures · Premji Invest | Arkam: CLM SaaS: Premji: Legal AI/CLM: co-held with Arkam |
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| Sugar Cosmetics×2 | Consumer & Commerce | Private | A91 Partners · India Quotient | A91: BPC brand: India: ₹80 Cr secondary to Malabar at ~₹2,900 Cr; co-held with A91 |
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| The Sleep Company×2 | Consumer & Commerce | Soonicorn | Fireside Ventures · Premji Invest | Fireside: Smart mattresses: Premji: Co-held with Fireside |
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| Third Wave Coffee×2 | Consumer & Commerce | Private | WestBridge Capital · Creaegis | WestBridge: $80-100M round with Creaegis closing mid-2026 at $400-500M (E): Creaegis: ~$100M 2026 follow-on with WestBridge |
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| TransBnk×2 | Fintech | Private | Bessemer India · Arkam Ventures | Bessemer: $25M: transaction banking infra: Arkam: Bessemer-led $25M; ~$12M ARR, 12x YoY: co-held with Bessemer |
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| Ultrahuman×2 | Healthcare | Soonicorn | Blume Ventures · Alteria Capital | Blume: Wearables; global revenue mix: Alteria: Blume holds the equity side |
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| Unacademy×2 | Consumer & Commerce | Unicorn | Elevation Capital · Blume Ventures | Elevation: Edtech reset; marks well below peak: Blume: Edtech reset; marks below peak |
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| Upstox×2 | Fintech | Unicorn | Kalaari Capital · BlackSoil | Kalaari: ₹23,800 Cr valuation: BlackSoil: Unicorn |
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| Vastu Housing Finance×2 | Fintech | Private | Prosus Ventures · Multiples | Prosus: 8.4% effective: affordable-housing NBFC: Multiples: $1.4bn mark via 2024 secondaries; now held via the CV; Prosus bought $100M of it |
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| Wakefit×2 | Consumer & Commerce | Public | Peak XV Partners · Info Edge Ventures | Peak: Listed Dec 2025; 22.47% stake ~₹1,369 Cr, ~10x paper: Info: Listed Dec 2025: held |
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