Turtlemint IPO: Peak XV Nets ₹66.2 Cr, Nexus Venture Books 8.8X Gain

by · Inc42

SUMMARY

  • Peak XV partners, one of Turtlemint’s biggest shareholders, raked in ₹66.2 Cr by offloading 43.56 Lakh shares via the OFS
  • Nexus Venture Partners, one of Turtlemint’s earliest institutional backers, booked an 8.8X return on its initial investment by offloading 27.47 Lakh shares worth ₹41.75 Cr
  • The company’s two cofounders became richer by a combined ₹65 Cr by selling partial stakes through the public issue