This program is aimed at taking the EV revolution further into tier II and III cities, including urban pockets where EV penetration still remains low
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This marks a 75 per cent increase over its post-IPO valuation of USD 4 billion
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Krutrim also announced a major expansion of its cloud services. The company launched over 50 new offerings on its cloud platform
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Company's EBITDA loss stood at Rs 205 crore, with an adjusted gross margin of Rs 377 crore
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Both institutional investors and retail investors showed keen interest, subscribing 5.31 times and 3.92 times their respective allotments on 6 August
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The IPO is expected to be launched at a valuation of around USD 4 billion, a decrease from the USD 5.4 billion valuation achieved after a USD 140 million funding round by Singapore’s sovereign wealth fund Temasek in September 2023
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