Z47 Venture Capital Firm Plans to Sell Stakes in Portfolio Companies

• Venture capital fund Z47, previously Matrix Partners India, is planning to sell stakes in its portfolio companies.
• The sale could include stakes in companies like Ola, OfBusiness, Razorpay, and Dailyhunt, potentially earning Z47 around $150-180 million.
• This move comes after Z47's split from Matrix Partners India and its rebranding, reflecting changes in the VC industry.
• Z47's largest exits in recent years include a $300 million pullout from Five Star Finance and partial stake sales in OfBusiness, Dailyhunt, and Ola.
• The trend of secondary portfolio sales is expected to increase as venture funds seek to demonstrate better DPI (distributed to paid-in capital).

Source: Economic Times