D E Shaw, a global private equity firm has picked up a 35 per cent stake in Mysore-based e-learning firm Excelsoft for Rs 125 crore, valuing the Rs 50 crore firm at Rs 350 crore. This 35 per cent stake was held by UTI Ventures, which had invested Rs 2.5 crore in 2001.
UTI Ventures, with this exit has multiplied its investments 50 times, making this among the top exits in the recent history of PE/VC investments in India.
UTI Ventures