IPO
IT training firm Vinsys completes pre-IPO round at Rs.200-Cr valuation
Pune-based software training company Vinsys has closed a pre-IPO round, in which investors including Singapore-based NAV Capital Emerging Star Fund and Swiss-based xMultiplied participated. Other participants in the round include Nova Global Opportunities Fund, Aegis Investment Fund, and Sambhavnath Investments. The funding round valued the company at around INR 200 crore. Earlier this month, the company had put out plans to go public and list on the SME exchange platform. It had appointed Beeline Capital Advisors as the merchant banker for the public offer. Vinsys offers customised courses for sectors such as BFSI, telecom, and government departments, where training for IT and processes is essential. It has a team of over 800 professionals certified by major tech companies and institutions. For the fiscal year ending in March 2023, Vinsys achieved a revenue of INR 157.30 crore and a net profit of INR 16.02 crore.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
