On the occasion of the 74th Republic Day, the service provider of millions of Indians in the UAE, reiterates its commitment to serve
Middle East Venture Partners (MEVP) on Tuesday announced that it has made a new partial exit from its investment in Fresha, a beauty and wellness software platform, with a secondary sale in the company’s $52 million Series C Extension round.
This extension brings Fresha’s total Series C raise to $152 million and values the MEVP backed company at over $640 million.
MEVP’s new partial exit generated a 52x cash-on-cash multiple and an IRR of over 90 per cent. Earlier this year MEVP announced that it had made a partial exit from the company, generating a 39x cash-on-cash multiple.
Following both exits, the Dubai-based venture capital firm continues to own a sizable stake in Fresha.
business@khaleejtimes.com
On the occasion of the 74th Republic Day, the service provider of millions of Indians in the UAE, reiterates its commitment to serve
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