First Investment. And now our first exit as well!

We’re thrilled to announce our part-exit from Purplle - a small step in the company’s journey but a huge milestone for Spring. We’re proud of the teams over at Spring and Purplle that worked closely over the last 3.5 years to help build the platform brand, launch multiple new initiatives, a brand new identity and foray into offline.

While this is a celebratory moment, we’re also overwhelmed with gratitude towards Manish, Rahul and Suyash who welcomed Spring into their cap table when we were absolute new kids on the block with an untested, unproven idea that had no global comparable: offering our marketing expertise and experience as the key reason for founders to accept our capital - hence Marketing Capital and not venture capital as we decided to call ourselves.

It has been a learning experience for Spring since then and we owe a lot to Manish for having faith in us and trusting us in our early days. And of course, thanks to our fantastic LPs who believed in us and backed our first fund. This distribution in what is just the fund's 4th year of operations is hopefully a small vote of thanks to them from all of us at Spring.

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We are happy to continue to be shareholders and are excited to see what lies ahead in their path to IPO and beyond.

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