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People familiar with the matter said the early-stage venture capital firm has sold about a 3% stake in Country Delight to Temasek-backed asset management group Seviora. The VC firm held a 21-22% stake in Country Delight prior to the partial exit.
The development comes a day after another early investor of Everest Fleet, Artha Venture Fund, announced a partial exit from the Uber-backed firm for $2 million (around Rs 16.5 crore).
Lok Capital made a partial exit by selling part of its stake for approximately ₹1191.3 crores ($145 million) to Multiples Private Equity Fund III and Avendus Future Leaders Fund II.