Rumor has it: Orios Venture Partners and CleanMax making headlines
In a strategic move, Orios Venture Partners is planning a partial exit from its significant portfolio company, Country Delight, before a $150 million fundraising round. This decision comes after the dairy brand pivoted from a traditional business to a Direct-to-Consumer (D2C) milk brand, delivering exceptional returns for Orios.
The partial exit aligns with Orios' strategy to realise returns while supporting further growth through fresh capital. The company remains a stakeholder in Country Delight despite an ongoing dispute with Zostel in court.
Meanwhile, CleanMax, another portfolio company, is preparing for an Initial Public Offering (IPO). The promoters of CleanMax have successfully raised approximately Rs 1,316 crore (around $150 million) from separate media reports. These funds are intended for the planned IPO.
Brookfield is the controlling entity in CleanMax. The funds raised by CleanMax's promoters are not the only significant news in the venture capital world. Peak XV, Hero Future, Country Delight, AGS Health, and JPMorgan are also currently in the news.
Additionally, Orios Venture Partners has onboarded a key Limited Partner (LP). The details about other companies from which Orios Ventures plans to partially exit before fundraising were not found in the provided sources.
In a separate development, the court has sided with OYO in the long-running Zostel dispute, which may represent a setback for VC firm Orios. Blackstone, KKR, Z47, JSW Ventures, and Country Delight are also making headlines in the industry.
- Orios Venture Partners, recognizing the opportunity to generate returns while fostering growth, is considering a partial exit from some of its portfolio companies before upcoming fundraising rounds, similar to their strategy with Country Delight.
- As CleanMax prepares for an Initial Public Offering (IPO), the promoters have successfully raised approximately Rs 1,316 crore (around $150 million), a sum to be used for the planned IPO, showing the potential for technology-driven businesses in the venture capital world, where companies like Peak XV, Hero Future, AGS Health, and JPMorgan are also making news.
