Harekat aval’s venture capital arm has made an interesting comparison of investment returns in innovation versus parallel markets.
According to Iran digital economy annotation, Harekat Aval was made in 2023 by the shareholders of Jajiga. According to the announcement of this company, the investment return on Jajiga has been higher than the return on Bitcoin and gold.
Harekat Aval compared the return of investment on Jajiga platform with other financial markets by publishing a post on LinkedIn. According to the announcement of this holding, investing on Jajiga has yielded more returns than Bitcoin, stock market, gold and dollars.
The exact time frame of this chart is not known, but the Harekat Aval has given its time frame for a three-year period, from the time the Harekat Aval entered in 2019 to its departure from Jajiga in early 2023. This is while in December of this year, the news of the departure of “Harekat Aval” from the “Jajiga” startup was published and it was announced that the ownership of this platform returned to the founders.
If we assume that the comparative data is related to October 2020 to October 2023, Jajiga’s efficiency is more than 200%; Of course, this is only an assumption, the data of which may be very consistent with the published chart, but the managers of this platform must announce the definitive and correct performance.
Harekat Aval mentioned this yield as the material attraction of venture capital in the field of innovation:
“Investment in the field of innovation, apart from material attractions, has a challenging path, but full of vitality. Helping in growth and development, entrepreneurship, improving the quality of life of users, etc. can be one of the good reasons for being a venture capitalist in addition to all the risks he faces. We hope that sharing successful experiences in this field will pave the way for the entry of new players.”
In January of this year, Babak Sohrabi, the co-founder of Jajiga, announced the departure of Harekat Aval (as an investor) from this startup. Stating that all the shares of Jajiga have returned to its founders, he stated that he considers his first exit move to be a successful exit.
It should be mentioned that Jajiga is an online accommodation booking platform that the Harekat Aval bought 20% of its shares in 2018 and completely withdrew from its ownership in 2018.
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