Hezardastan bought his shares from Sarava

Sarava will leave Hezardastan Holding with the majority vote of the shareholders until the end of the activity of this investment complex. The buyer of these shares is Hezardastan, who will pay $59M for this transaction.

According to Ideaagency, Sarava owns 12.09% of the shares of Hezardastan Holding. These shares are supposed to be transferred to Hezardastan with a 30% discount (for liquidity) equivalent to $59M. The transaction was made at the suggestion of Hezaradastan and the buyer is this holding.

The total valuation of Hezardastan shares without discount is $700M, which was done at the end of last year by Toranj company.

In 2013, Sarava invested $6,000 on CafeBazaar. After that, Hezardastan Holding was formed and Bazaar, Divar, Karnameh, etc., were the subsidiaries of this holding. Now, this investment has achieved a return of more than 10,000 times over the course of almost 11 years. The dollar yield of this investment is 541 times.

About two months ago, with the exit of Sarava among the investors of Digikala, the biggest exit in this ecosystem took place. Last year, Sarava had withdrawn from the shareholding of companies such as Alopeyk and Navar.

Why did Sarava leave Hezardastan?

The reason for the sale of Hezardastan shares by Sarava is to support the founders of startup companies, to create hope in the hearts of young entrepreneurs, and to set the cycle of the startup ecosystem in motion.

Saeid Rahmani, the founder of Sarava, wrote in a letter to the shareholders of this investment company to accept this withdrawal that the only way out of the current deadlock is to facilitate the return of the highest amount of capital to the majority of shareholders as soon as possible. This means the separation of all shareholders in compliance with the company’s shareholders’ agreement.

Rahmani’s letter to the shareholders of Sarava states: “In the past decade, our goal has been to create hope, strengthen the spirit of entrepreneurship and self-reliance in the youth of the country, and create value in technology-oriented startups in Iran. Today, it’s time to sell our shares in Hezardastan to the founders of the company, paving the way for continued growth and progress for this company and marking the end of a path full of pride for Serava.”