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Intex eyes first fundraise by FY27-end, IPO by FY28 as festive sales fuel expansion
Source: Hindu BusinessLine · 1 day ago
Summary
Intex plans to raise its first round of funding by the end of FY27 and pursue an initial public offering in FY28, driven by strong festive‑season sales. The cash‑flow‑positive electronics company aims to reach about ₹1,500 crore in revenue by FY28 while expanding its manufacturing capacity, opening more physical stores and building a quick‑commerce distribution network, as chip shortages have pushed television prices higher.
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From the original report
Cash-flow-positive electronics maker targets ₹1,500 crore revenue by FY28, expanding manufacturing, physical stores and quick-commerce distribution as chip shortages push up television prices
Excerpt from Hindu BusinessLine.
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