MapmyIndia Eyes $175 Mn Fundraise Through IPO
India, Aug. 30 -- New Delhi-based MapmyIndia, a digital based mapping firm is looking to raise go for an initial public offering (IPO) in the coming months.
The 1995 founded company is likely to raise $175 Mn through the public market and is expected to file its draft red herring prospectus, a filing which includes details of the offer along with company's financials and other information, with the market regulator - SEBI.The startup offers its technology with Apple's Maps and Amazon's Alexa for users conveniences and is looking to raise the above mentioned amount at a valuation of $825 Mn.
It was last valued at approx $208 Mn (INR 16,00 Cr) when it raised capital from Flipkart in 2016.
As per a Bloomberg report, the offer will entirel...
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