40X Return! Indian Fund Achieves Landmark Exit, Unlocks Massive Wealth in Tech Startup

Startups/VC

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Updated on 12 Nov 2025, 02:29 pm

Saha Fund, India's pioneering women-focused technology venture fund, has announced a landmark exit from its investment in Joulesto Watts Business Solutions Pvt. Ltd., realizing an outstanding 40x return on its capital. This achievement ranks among the most successful buybacks in India's recent investment history. Joulesto Watts, a woman-led company founded in 2015, has evolved from a boutique consultancy into a digital business platform. It now partners with over 300 Global Capability Centers (GCCs) and serves 70% of Fortune 500 clients across key sectors like IT, banking, financial services, insurance, and healthcare. The company leverages AI-powered centers of excellence for solutions in AI, cybersecurity, cloud computing, SAP, and data analytics. Joulesto Watts has reported remarkable growth, including a tenfold year-over-year revenue increase, 50% client acquisition growth, and a workforce exceeding 5,000 consultants. Ankita Vashishtha, Founder and Managing Partner of Arise Ventures, highlighted that this exit validates their strategy of early-stage backing and continuous support for founders. Arise Ventures, the successor fund, is now raising Rs 500 crore to continue investing in similar technology-driven ventures.

Impact: This news significantly impacts the Indian venture capital and startup ecosystem by showcasing successful exits and validating investment strategies in technology startups. It can boost investor confidence in the Indian market and encourage further funding for women-led and technology-focused companies. The success story of Joulesto Watts demonstrates the potential for high returns from early-stage investments in disruptive Indian businesses.

Rating: 7/10

Difficult Terms: * Global Capability Centers (GCCs): Offshore facilities set up by multinational corporations in countries like India to perform specialized business functions, IT services, R&D, and other operations. They help companies leverage global talent and cost efficiencies. * AI (Artificial Intelligence): Technology that enables machines to perform tasks that typically require human intelligence, such as learning, problem-solving, and decision-making. * Cybersecurity: The practice of protecting systems, networks, and programs from digital attacks, damage, or unauthorized access. * Cloud Computing: The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale. * SAP: A widely used enterprise resource planning (ERP) software that integrates various business processes like finance, human resources, manufacturing, and supply chain management into a single system. * Data Analytics: The process of examining large and varied sets of data to uncover hidden patterns, unknown correlations, market trends, customer preferences, and other useful information. * Multiple on Invested Capital (MOIC): A financial metric used by venture capitalists and private equity firms to measure the return on an investment. It is calculated by dividing the total value realized from an investment by the total amount invested. A 40x MOIC means for every rupee invested, 40 rupees were returned.