Fibe files draft papers for IPO with SEBI
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
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The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
SoftBank co-led the round with a16z, D. E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price Associates.
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It intends to use a portion of the capital to advance its investment into agentic artificial intelligence (AI) capabilities.
The Bengaluru-based startup will use the fresh capital to expand global delivery centers, build advanced test labs, pursue acquisitions, and strengthen R&D.
The IPO comprises of fresh issue of shares worth Rs 1,279 crore and an offer for sale (OFS) of Rs 3,620.7 crore by existing shareholders.