IPO
Fintech and enterprise tech firm Paramotor files confidential IPO papers
Mumbai-headquartered fintech and enterprise technology firm Paramotor Digital Technology has confidentially filed draft papers with the Securities and Exchange Board of India (Sebi) for a proposed initial public offering. Founded in 2016 and led by Sonia Asher andRahul Anand, Paramotor operates a diversified ecosystem spanning fintech, enterprise technology, and digital commerce. The company's portfolio includes SpendPro, a prepaid card-based spend management platform, and RewardOn, an enterprise-focused rewards and loyalty management solution. Additionally, it operates yayyy.shop, a digital gifting marketplace, and DevStack, a vertical dedicated to customised software applications and digital platform development.
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