Sequoia Capital exited investment in Cygnus Medicare with 1.5x returns
Sequoia Capital exited its three-year old investment in Delhi-based healthcare startup Cygnus Medicare Pvt Ltd a few weeks ago in what could arguably be one of its first full exit this year, sources privy to the development told VCCircle.
Cygnus, which is an asset-light healthcare services firm operating hospitals on management contract, had raised funding from Somerset Indus Capital Partners in April this year. It had not disclosed the deal amount but sources said the deal had primary and secondary components.
Sequoia Capital, on its part, invested a small sum at an early stage, but did not publicly disclose its...
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