The shareholders’ assembly of Sarava company, which was held at the end of last week, after examining the proposal to liquidate this investment fund, finally voted to continue its activities.
According to Ideaagency, the shareholders’ assembly of this company, which was held at the end of last week, after examining the proposal to liquidate this investment fund, finally voted to continue its activities. The decision came as Sarava exited its two major investments, Digikala and Hezardastan, this year and there was some speculation about the company’s future.
Farzin Fardis, the CEO of Sarava, announced that several scenarios were examined for the continuation of the fund’s activities, and one of them was the complete liquidation of this company, but the shareholders decided to continue the activities of the group with a high vote. As for the timing of the exit from the remaining portfolio, Fardis explained that Sarava has a small stake in Takhfifan and that negotiations are underway to determine the disposition of the investment.
He also stated about the fate of Sarava’s investment in Hamava (Azadi Innovation Factory) that this group has a significant share of this company (around 50%) and a decision should be made about it in the future. Despite the decrease in the number of startups under its investment, Sarava will continue to operate in Iran’s startup ecosystem and will follow a new path in future investments.
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