IPO
Lenskart Founder Peyush Bansal Poised to Increase Stake Ahead of Mega IPO
Lenskart's founder, Peyush Bansal, plans to increase his stake pre-IPO, a trend among Indian tech founders. This move, ahead of a potential $8-10 billion IPO, aims to solidify ownership after past dilution and follows Lenskart's strong FY24 performance, showcasing improved profitability and sales growth.
Smartworks' Pre-IPO Performance: Revenue Soars 32% to ₹1,374 Crore, But Losses Widen to ₹63 Crore
Smartworks, an IPO-bound coworking major, reported a 32% revenue surge to ₹1,374 crore in FY25, but net losses widened to ₹63 crore. As it prepares for a July 10 IPO, the company aims to reduce expenses and achieve profitability. Funds will fuel expansion and debt repayment in India's growing flexible workspace market.
Smartworks Coworking Spaces to Launch IPO on July 10, Eyes Public Listing Amidst Sector Growth
Smartworks Coworking Spaces' IPO opens July 10, aiming to raise capital for expansion and debt repayment. The managed office solutions provider, focusing on large enterprises, reported ₹1,409.67 crore revenue in FY25. With 8 million sq ft leased across 13 cities, this listing signifies a major step for India's flexible workspace sector amidst growing demand.
India's Startups Eyeing Over ₹18,000 Crore Through Public Listings in Major D-Street Surge
Indian startups are gearing up for a significant D-Street push, aiming to raise over ₹18,000 crore via IPOs. This surge includes major players like Pine Labs, Shadowfax, Urban Company, Shiprocket, and Wakefit. Driven by scaling and a new focus on profitability, these listings reflect growing confidence in public markets and mark a maturing phase for India's startup ecosystem.
Leadership Boost for Pine Labs: Payments Giant Set to Appoint Avendus' Sameer Kamath as New CFO
Pine Labs, the fintech giant preparing for an IPO, is set to appoint Sameer Kamath, Avendus Capital's Group CFO, as its new CFO. This strategic hire strengthens its leadership ahead of the anticipated ₹2,600 crore public listing, aiming for a $4.5-5 billion valuation. Kamath's vast experience is crucial for this pre-IPO phase.
Slice Small Finance Bank Achieves Monthly Profitability, Sets Sights on IPO in 3-4 Years
Slice Small Finance Bank, formed by the Slice-NESFB merger, is now monthly profitable and targets an IPO in 3-4 years. This crucial step validates its hybrid fintech-traditional banking model, aiming to serve India's underserved while ensuring robust growth and financial inclusion, striving to become "India's most loved bank.
Home & Sleep Solutions Brand Wakefit Files for IPO, Aims to Raise ₹468 Crore Through Fresh Issue
Wakefit, the home & sleep solutions D2C brand, has filed its DRHP for an IPO. It plans to raise ₹468.2 crore via a fresh issue to fund expansion, including 118 new stores and marketing. The company reported ₹1,000+ crore income in FY24, significantly narrowing losses to ₹15.05 crore, showcasing strong growth and a path to profitability.
JSW One Platforms Targets IPO Within Two Years, Eyes Profitability This Fiscal
JSW One Platforms, JSW Group's B2B e-commerce arm, targets an IPO within 18-24 months. The company aims for break-even this fiscal year, building on its $1 billion unicorn valuation and ₹12,500 crore GMV in FY25. Focusing on steel/cement for MSMEs, JSW One offers a full-stack solution including fintech, eyeing expansion into other construction materials post-IPO.
Fidelity Boosts Lenskart's Valuation to $6.1 Billion, Signaling Strong Pre-IPO Momentum
Fidelity has boosted Lenskart's valuation to a staggering $6.1 billion, a 21% jump! This significant mark-up signals strong investor confidence as the eyewear giant eyes a potential $1 billion IPO at a $10 billion valuation. Lenskart's financial performance is soaring, paving the way for a landmark public debut.
Pine Labs Gears Up for Rs 5,000-6,000 Crore IPO, Files DRHP by June-End
Fintech giant Pine Labs is set to file its DRHP by June-end for a Rs 5,000-6,000 crore ($600-720M) IPO. Having recently re-domiciled to India, the move underscores the growing maturity of India's startup ecosystem and public markets. The IPO could value the company at $4-5 billion.