India, Nov. 3 -- D2C startup iD Fresh Food's early backer Blue Ashva Capital has exited the startup's cap table, offloading its entire stake for Rs.50 Cr in a secondary transaction.

Upsurge India, Triumph Global Fund and White Whale Ventures co-led the secondary deal in the ready-to-cook fresh food products seller.

Approximately 1% equity in iD Fresh changed hands in the secondary transaction.

Upsurge India claims to have originated and led the transaction, negotiating the commercial terms alongside the co-leads. It also says that it secured Blue Ashva Capital's entire shareholding block despite competing interest from other institutional buyers.

For Blue Ashva Capital, the exit aids in providing the liquidity for its first-vintage fu...