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IPO

Teleshopping platform Naaptol to raise Rs.1,000-Cr

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Naaptol Online Shopping Pvt Ltd, which runs teleshopping and online shopping platforms, is planning to launch an initial public offering (IPO) that could see the company raise as much as INR 1,000 crore. It is being advised by investment banks ICICI Securities and Anand Rathi. The proposed IPO will be a mix of primary and secondary share sales as some of the existing backers of the company want to sell part of their shares in the IPO, while fresh fundraising will be used to bolster its back-end and the online shopping portal Naaptol was founded in 2008 as a TV-first platform for product discovery. It sells products through TV channels in multiple languages. Naaptol is backed by investors such as Japan's Mitsui & Co., JP Morgan and venture capital investor New Enterprise Associates. It raised USD 15 million from these investors in 2018 and USD 51.7 million in 2015 in a larger fundraise.

From the Venture Intelligence PE-VC Deal Database: Between Aug-10 and Jan-19, Naaptol.com raised $129.5 M from NEA, Mitsui PE, JP Morgan, Saama Capital, and Canaan Partners. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)