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Sequoia nets $180M in secondary sale, exits Micromax & Snapdeal

Sequoia nets $180M in secondary sale, exits Micromax & Snapdeal

Thursday, April 20, 2017, 10:19 AM

Sequoia Capital is learnt to have concluded a $180-million secondary stake sale in eight of its portfolio companies to Madison Capital, as the venture fund consolidates its holdings and brings in the much-needed cash from its investments locally. Sequoia has sold its 1.5% ownership in Snapdeal along with small stakes in payments platform Pine Labs, Star Health and fully exiting mobile handset maker Micromax.
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