10/2/2025, 1:48:04 pm

IDBI Capital-managed VC fund exits Cyronics, JSR Dynamics

Maharashtra Defence and Aerospace Venture Fund (MDAVF) has exited two companies, Cyronics Innovation Labs and JSR Dynamics, through secondary transactions, realizing Rs 14.46 crore and Rs 59.15 crore, respectively. The fund has invested Rs 406 crore in 22 MSMEs and executed full and partial exits from 12 companies, realizing Rs 281 crore with a 30% IRR.