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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The capital markets regulator has given a green signal to the IPO plans of the mattress startup and the eyewear retailer. Pioneers in their own categories, both of them have reported outstanding numbers.
Mattress and furniture startup Wakefit and eyewear retailer Lenskart have received approval from markets regulator Securities and Exchange Board of India (SEBI) for their initial public offering.
According to the draft papers filed in June, Wakefit aims to raise Rs 468 crore through a fresh issue, with existing shareholders—founders Ankit Garg and Chaitanya Ramalingegowda, Peak XV Partners, Verlinvest and Investcorp—planning to sell up to 5.84 crore shares.
On the other hand, Lenskart is looking to raise Rs 2,150 crore in fresh proceeds. Promoters, including co-founder Peyush Bansal, and investors such as Kedaara Capital, Alpha Wave Ventures, SoftBank and Epiq Capital …
