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PremjiInvest scripting nearly $250 mn exit with bumper returns

VCCircle · 11m

PremjiInvest, the family office of Azim Premji, founder chairman of Wipro, has made a successful partial exit that yielded 10x returns earlier this year. The investment firm has now sold a five-year old private equity-style portfolio bet, aiming for another lucrative return. The amount for the latest exit is estimated to be around $250 million.