Pune-based IT firm Vinsys completes pre-IPO round at Rs 200 cr valuation

Pune-based software company Vinsys has closed a pre-IPO round, in which marquee investors including Singapore-based NAV Capital Emerging Star Fund and Swiss-based xMultiplied participated.

Other star investors include Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments, among others who took part in the funding round that valued the company at around Rs 200 crore.

Earlier this month, the company had put out plans to go public and list on the SME exchange platform. Accordingly, it had also appointed Beeline Capital Advisors as the merchant banker for the public offer.