OISTER GLOBAL AND TRIBE CAPITAL INDIA WILL LAUNCH $500 MN SECONDARIES FOCUSED FUND

Homegrown investment company Oister Global and the local arm of US-based venture capital firm Tribe Capital have partnered to launch a $500 million fund which will back secondary startup deals.

In a secondary transaction, a company’s shares change hands among investors and no fresh capital is infused into a firm. The investment will be spread across two years. The development comes at a time when secondary transactions in startups have gained momentum.

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