Public Market

IPO

Fintech firm TaxBuddy scraps Rs.105-Cr IPO plans

Economic Times  

SSBA Innovations, which runs the tax portal TaxBuddy and robo advisory platform Finbingo, has decided to withdraw its INR 105 crore Initial Public Offer (IPO), filed on July 29 with Sebi. The IPO was slated to be an entirely fresh issue of equity shares and the proceeds were to be used for user acquisition and technological development. SSBA provides solutions in the areas of tax planning and filing, personal investment advisory and wealth building to individuals, professionals, firms, and companies.