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Intellipaat Software Solutions Pvt. Ltd., a leading upskilling and edtech firm, is actively planning to raise funds ahead of a potential IPO. The company has appointed EY (Ernst & Young) as its financial advisor to guide its fundraising process. Currently, Intellipaat is exploring a ₹500 crore pre-IPO private equity round, which would be followed by a ₹800 crore IPO within the next 12 to 16 months.
Company Growth & Financials:
- Founded in 2011, Intellipaat operates as a bootstrapped company and has achieved profitable growth without external funding so far.
- For FY 2023-24, the company reported revenues of ₹182.9 crore and a profit after tax of ₹18.5 crore, reflecting strong financial performance.
- The company has ambitious expansion plans and is targeting a revenue of ₹700-800 crore over the next two years.
Future Plans & Expansion:
- Intellipaat is planning to diversify its offerings beyond tech upskilling by launching management programs and expanding into offline education centers.
- It aims to enhance its reach and attract a larger pool of professionals looking for career advancement.
- The company operates in a highly competitive edtech space alongside Eruditus, upGrad, Simplilearn, and PhysicsWallah, all of which have also been raising funds for expansion.
With a strong financial base, a profitable business model, and strategic expansion plans, Intellipaat is positioning itself as a major player in India's upskilling and edtech sector as it gears up for its IPO.
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