Early-stage venture capital fund VenturEast and healthcare private equity fund InvAsent have exited from US-based Comprehensive Prosthetics & Orthotics (CPO) in a financial secondary. CPO has raised a new round of growth capital led by NorthCreek and Parkway Partners.
Co-founded by Amit Bhanti, CPO acquired 4 different O&P practices to reach over 35 clinics and into the top 7 O&P practices in the US.
CPO exit marks the 8th exit (full or partial) for VenturEast since the beginning of 2021. The fund recently made a partial exit in Zaggle, which went IPO in September. The fund’s other full exits include, iNurture, Seclore, Indus OS, Richcore Lifesciences.
Indian startups saw a bunch of secondary exits in 2023. Last month, JSW Ventures said it has exited its shareholding in Purplle through a sale to Manipal Education & Medical Group Family Office (MEMG). Early-stage micro venture capital Artha Venture Fund (AVF) also announced a partial exit from fleet management company Everest Fleet.
Early-stage venture capital First Cheque also took a partial exit from its portfolio company GIVA. Cusmat, K12 Techno Services and Credgenics also saw partial or full exits this year.
