Overview

• Sameer Kamath has been appointed chief financial officer to strengthen governance ahead of the public listing.
• The company’s SEBI-filed DRHP includes a fresh issue worth ₹2,600 Cr and an offer for sale of up to 14.78 Cr shares.
• Venture backers Peak XV Partners, Actis VC and Mastercard intend to offload their stakes through the offer-for-sale component.
• The fintech unicorn swung to a ₹26.1 Cr profit in 9M FY25 from a ₹151.6 Cr loss a year earlier as operating revenue rose 23% to ₹1,208.2 Cr.
• Home furnishings startup Wakefit is proceeding with its ₹468 Cr IPO plan after reporting ₹971 Cr in revenues and an ₹8.8 Cr profit in 9M FY25.