Mint | 19 May 2025
MUMBAI: GrowX Ventures Fund, an early-stage B2B-focused venture capital firm, partially exited its stake in space-tech startup Pixxel, delivering a 17x return, a top executive said. Existing investors, including Athera Venture Partners and Sparta, bought growX’s stake in a secondary transaction last month, the executive added.
“We have part exited post the series B round, and most of the shares were bought by Athera and Sparta alongside an undisclosed third investor. We continue to hold more than 75% of our stake in Pixxel as we believe that the company will grow rapidly over the next few years," said Sheetal Bahl, partner at growX Ventures Fund and Merak Ventures.