Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Upskilling startup Intellipaat taps EY for pre-IPO fundraise
Mint Mumbai
|March 27, 2025
Bootstrapped upskilling firm Intellipaat Software Solutions Pvt. Ltd has appointed consultancy major EY to advise on its fundraising plans as it targets a revenue of ₹700-800 crore over the next two years, a top executive of the firm told Mint.
To fund the next phase of growth, the company is exploring a pre-initial public offering (IPO) private equity round of about ₹500 crore, before an approximately ₹800 crore IPO within 12-16 months, said founder and chief executive officer Diwakar Chittora.
While the company has not appointed a banker for its IPO yet, EY will advise Intellipaat on its pre-IPO fundraising. "We have multiple business lines, each with significant growth potential. That said, our immediate target for the next one and a half to two years is to reach a revenue of around ₹700-800 crore," Chittora said. "We also have a very clear vision for the future, with plans to go public in the next 12 to 16 months."
This story is from the March 27, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Govt may not fine green project exits
Until now, such surrender of projects wasn't allowed. In case developers sought to abandon projects, the government forfeited their bank guarantees
3 mins
September 22, 2025
Mint Mumbai
Thousands rally in Philippines as they protest corruption
Thousands of Filipinos joined marches in Manila and other areas of the country on Sunday, protesting against what organizers say is widespread corruption within the government.
2 mins
September 22, 2025
Mint Mumbai
Doctors, nurses await clarity as H-1B fee may hit US offers
Astech workers brace for the impact of Donald Trump's H-1B work visa fees, another category of highly skilled Indian professionals awaits clarity: healthcare professionals.
2 mins
September 22, 2025
Mint Mumbai
Airfares to US spike amid H-1B visa confusion
Airfares and last-minute bookings from India to the US spiked this week amid confusion over who the new $100,000 fee on H-IB employment visas applies to.
1 mins
September 22, 2025
Mint Mumbai
Tata Sons director urges Tata Int'l to focus on profit
Tata International has been in losses for the past two fiscal years
2 mins
September 22, 2025
Mint Mumbai
ONGC, OIL to begin new campaign in '26
State-run oil explorers ONGC and Oil India Ltd are planning to begin a ₹3,200 crore stratigraphic drilling campaign in untapped offshore areas early next year, as part of efforts to discover new hydrocarbon reserves and cut reliance on imports, officials said.
1 min
September 22, 2025
Mint Mumbai
America’s $100,000 H-1B visa fee will redefine tech sector hiring
Indian IT service majors will be hit but let’s accept that the US programme had got warped and some reform was inevitable
4 mins
September 22, 2025
Mint Mumbai
India Inc’s earnings growth might remain sluggish for next two years’
India Inc.’s elusive capex cycle expansion means corporate earnings growth might remain at mid-to-high single digit, according to Kenneth Andrade, precluding a tearaway market rally.
4 mins
September 22, 2025
Mint Mumbai
How Trump’s Chabahar U-turn puts India’s regional ambitions at risk
The US's move to revoke the sanctions waiver for Iran’s Chabahar Port has cast uncertainty over India’s regional trade strategy.
2 mins
September 22, 2025
Mint Mumbai
WORLD PEACE STAYS ELUSIVE AMID RISING CONFLICTS
Years ago, we accidentally bumped into each other in Anantnag. He narrated his tragic story insisting he was being harassed. He contacted senior district officials but to no avail.
3 mins
September 22, 2025
Listen
Translate
Change font size