Norwest Venture Partners starts exiting Persistent with over 4x returns

Premium

Norwest Venture Partners is exiting its seven-year-old investment in software development firm Persistent Systems Ltd at over 4x. The Silicon Valley-based growth and venture capital investor sold a 5.01 per cent stake for about $18 million (Rs 100 crore) in Persistent The stake was sold as Persistent reached its 52-week ......