India, April 30 -- Venture capital (VC) firm Exfinity Venture Partners claims to have partially exited cybersecurity startup CloudSEK, with a 13X multiple on invested capital (MOIC) and a 40% internal rate of return (IRR). 

Speaking with Inc42, Exfinity managing partner Chinnu Senthilkumar said that the partial exit took place in January, when the VC firm sold a portion of its stake in CloudSEK to an existing investor in the startup. 

Despite the stake sale, Senthilkumar said that the investment firm continues to hold a significant portion of its stake in the company and also retains its board seat. 

The VC firm, via its second fund, first invested in CloudSEK during its $1.9 Mn Pre-Series A round in 2018. Exfinity doubl...