A Look At The Shareholding & Top Leaders

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Two weeks after becoming a public entity, D2C furniture and mattress startup Wakefit has filed its draft red herring prospectus (DRHP) with the SEBI yesterday to raise INR 468 Cr (around $54.6 Mn) via fresh issue of shares.

The initial public offering (IPO) will also include an offer for sale (OFS) of up to 5.8 Cr shares. 

Through the OFS route, Wakefit’s promoters Ankit Garg and Chaitanya Ramalingegowda along with its backers, including Peak XV Partners, Redwood Trust, Paramark and Verlinvest, among others, will offload shares.

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A Look At The Shareholding & Top Leaders


Two weeks after becoming a public entity, D2C furniture and mattress startup Wakefit has filed its draft red herring prospectus (DRHP) with the SEBI yesterday to raise INR 468 Cr (around $54.6 Mn) via fresh issue of shares.

The initial public offering (IPO) will also include an offer for sale (OFS) of up to 5.8 Cr shares. 

Through the OFS route, Wakefit’s promoters Ankit Garg and Chaitanya Ramalingegowda along with its backers, including Peak XV Partners, Redwood Trust, Paramark and Verlinvest, among others, will offload shares.

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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