Artha Venture Fund-I makes partial exit from Everest Fleet, clocks 19x return

The Mumbai-based company Everest Fleet has recently closed a $20 million funding round led by ride-hailing platform Uber.

Artha Venture Fund (AVF), a Mumbai-based early-stage microVC, has made a partial exit from fleet management company Everest Fleet, the company said in a press note. With this, the microVC fund has recorded a 19x return on its investment.