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Vinsys completes the pre-IPO round at Rs. 200 crore valuation Vinsys

Vinsys completes the pre-IPO round at Rs. 200 crore valuation

India Blooms News Service | @indiablooms | 29 May 2023, 03:26 pm

Kolkata: Vinsys, a IT and software services and software company headquartered in Pune, successfully closed its pre-IPO round.

Marquee investors are led by overseas funds, including NAV Capital Emerging Star Fund and xMultiplied, and domestic players, such as Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments.

Earlier this month, the company firmed its plans to list on the SME exchange and appointed Beeline Capital Advisors as Merchant Bankers.

NAV Capital Emerging Star Fund (NAVESF), category I Singapore-based FPI, focussed on the SME sector in India.

Highlighting his investment rationale for Vinsys, Vineet Arora, Managing Director, NAV Capital Limited, said, “Trained workforce continues to be in demand the world over, and unlike the past, the focus remains on upskilling and updation for corporates and governments alike. Vinsys is attractively poised to tap this global opportunity with its vast array of Training and Certification programs, an unparalleled library of Digital Learning, diversified services, and a celebrated legacy of 25 years in the industry. Backed by strong Management and Promoters, we believe Vinsys is an Indian Multinational in the making with offices spread across the globe. Being an early-stage investor in such quality Indian companies aspiring to dominate the global stage, we at NAV Capital are driven to create a substantial capital appreciation for our investors.” NAV Capital Dubai is Investment Advisor to NAVESF.