Plan to raise Rs 105 cr via rights issue to fund growth: Prakarsh Gagdani, 5Paisa Capital
  • WebDesk BTVI
  • Jun 07 2019

Prakarsh Gagdani, CEO of 5Paisa Capital, says the firm is planning to raise about Rs 105 crore via rights issue and adds that the firm is awaiting Sebi nod. He says the primary objective of rights issue will be to fund growth plans. Citing that mobile phone is the primary platform for the firm’s customer, Gagdani is saying cost of acquisition per customer stands at Rs 3,000-4,000. He, however, adds the organic growth of the company is significant.