Jiffy360 planning IPO intends to raise Rs 600 crores?
Lyle asks:
New Delhi : They have still not launched themselves but they are really aiming big for online retailing. Jiffy360 one of the biggest upcoming online shopping mall for IT products is planning a IPO in next 2 years to raise Rs 600 crores. This money will be used to set up laptops assembly unit and expand internationally.
New Delhi : They have still not launched themselves but they are really aiming big for online retailing. Jiffy360 one of the biggest upcoming online shopping mall for IT products is planning a IPO in next 2 years to raise Rs 600 crores. This money will be used to set up laptops assembly unit and expand internationally.
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This is a major event. Rs 600 crores > $10 Billion USD.
That is a lot smaller than Dell or HP but big enough to impact the world wide industry. The lauch is scheduled for January 30th.