24
Jun
FAAD Network gauges the vision of an early-stage venture and helps them achieve exceptional results. With Battery Smart, FAAD drew approximately 370% IRR in the investment tenure. The initial investment was made in 2020 when Battery Smart was operational at only one store with a handful of customers. Currently, the startup is operational in 30 cities and 1000+ stations. Gurgaon (Haryana), June 24, 2024: FAAD Network, a SEBI-registered Category 1 Angel Fund headquartered in Gurgaon, is thrilled to announce its strategic exit from Battery Smart, delivering an extraordinary 61x return on investment. This exit, achieved just 45 months after the…