In the latest development in Iran’s startup ecosystem, Sarava Investment Company announced that it has exited the shareholding combination of three companies: Taskulu, Kikojas, and Faranesh, as part of its exit strategy.
According to Ideaagency, this company previously held shares in these three companies, which have now been divested through a share buyback. Sarava’s shares were 45.4% in Taskulu, 32% in Kikojas, and 24% in Faranesh, respectively. This move is in line with Sarava’s exit strategy, which has led to the group exiting a number of its portfolio companies in recent years.
This is Sarava’s second exit from its investment portfolio in the past three years. Sarava previously exited the shareholding structure of Digikala Group, Hezardastan (CafeBazaar and Divar), Alibaba, Alopeyk, Navaar, and Evand.
Exiting investments is a natural and vital part of the venture capital (VC) cycle. It allows the investing firm to liquidate its capital and secure new funding sources for future investments in emerging startups or later stages of growth.
This exit comes at a time when Iran’s startup ecosystem has faced numerous challenges in recent years, including restrictions on attracting new capital, filtering, and regulatory hurdles. In such an environment, the ability of investment firms to implement an exit strategy and liquidate a portion of previous investments, albeit through methods such as equity float, can help maintain the dynamism of the ecosystem and provide new opportunities for investors and entrepreneurs.
The exact details of the stock settlement and to which groups or individuals Sarava‘s shares were transferred have not yet been announced.
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