Essayer OR - Gratuit
Upskilling startup Intellipaat taps EY for pre-IPO fundraise
Mint Hyderabad
|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."
Cette histoire est tirée de l'édition March 27, 2025 de Mint Hyderabad.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Mint Hyderabad
Mint Hyderabad
Nitish Kumar to rule Bihar, again
Women voters and BJP alliance help the JD(U) return as the undisputed king in the eastern state, while the opposition floundered
5 mins
November 15, 2025
Mint Hyderabad
Sebi begins revamp of settlement rules, curb inflated penalties
Although there is a formula to calculate settlements (including base amounts, conversion and regulatory action factors), Sebi can still impose larger amounts at its discretion.
1 mins
November 15, 2025
Mint Hyderabad
How to use pumpkin seeds in everyday cooking
Pumpkin seeds are a high protein superfood, a substitute for meat.\"
4 mins
November 15, 2025
Mint Hyderabad
Investors dump tech shares as shutdown relief evaporates
record and its first close above 48000 on Wednesday.
1 mins
November 15, 2025
Mint Hyderabad
Singapore Airlines commits to AI change
For Singapore Airlines, which owns one-fourth of Air India, there is “no disillusionment” about its investment, even though the Indian carrier’s losses weigh on its profitability
1 min
November 15, 2025
Mint Hyderabad
When food influencers discover ‘hidden gems’
It's a social media magic trick to package old wine in new bottles, but influencers don't realise that it is familiarity and connection to the neighbourhood that makes such places truly precious
5 mins
November 15, 2025
Mint Hyderabad
Why less is always more
A fortnightly column about emotional well-being
2 mins
November 15, 2025
Mint Hyderabad
Stepping up to the plate
\"There are,\" wrote Julian Barnes with the certainty born of experience in The Pendant in the Kitchen, “certain dishes always best eaten in restaurants, however tempting the cookbook version appears.”
1 mins
November 15, 2025
Mint Hyderabad
Celebrating craft in all its forms
When the Mumbai store of Moonray, a four-year-old ready-to-wear label started by Karishma Swali and her daughter, Avantika, shut down a few months ago, it seemed like it would cease to exist. But last week, the same address in the cultural district of Kala Ghoda opened the doors to Chorus, a brand by the mother-daughter duo that expands the Moonray universe to include ready-to-wear, couture, skincare, and a café with craft at the centre.
4 mins
November 15, 2025
Mint Hyderabad
Mumbai meets Miami
Art Deco Alive pays tribute to Mumbai and Miami, which have the world's largest clusters of Art Deco buildings
2 mins
November 15, 2025
Listen
Translate
Change font size