Naaptol Plans to Raise 1000 Crores via IPO

The teleshopping and online shopping platform, Naaptol Online Shopping Pvt Ltd, is planning to launch its IPO to raise 1,000 crores. Founded in 2008, Naaptol is a TV-first platform that provides product delivery. The platform sells products with its TV channels, which are available in multiple languages including Tamil, Hindi, Telugu, Malayalam, and Kannada.

Naaptol hopes to stand apart from other e-commerce companies and will be able to attract more customers with its omni-channel platform. It is backed by investors like Mitsui & Co. of Japan, JP Morgan, and venture capital investor New Enterprise Associates. Naaptol raised $15 million from investors in 2018 and $51.7 million in 2015 in other larger fundraisers.

The teleshopping platform saw a flattish revenue for this financial year with a consolidated revenue of Rs 318.87 crore in the current financial year as compared to that of the previous financial year. The IPO market is continuing to see strong activity amid raising Rs 1.18 trillion in the calendar year 2021 and IPOs worth more than Rs 1 trillion are in the pipeline.