Ather Energy’s venture debt backers set for big repayment from IPO
Tue, Sep 10, 2024 11:34 AM

Ather Energy’s venture debt backers set for big repayment from IPO

A Flip by Shubhangi Gupta
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Apart from providing a part exit to marquee investors such as Singapore’s GIC and Tiger Global, the initial public offering (IPO) of the electric two-wheeler Ather Energy will also see several venture debt funds receive a collective payout of Rs 378 crore. Venture debt funds provide loans to startups and earl-stage companies, which use these funds for funding acquisitions, capital expenditure.

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