Will use IPO gains for working capital needs: Anuj Khanna Sohum, Affle India
  • WebDesk BTVI
  • Jul 29 2019

Global tech services player Affle India entered the Indian markets with Rs 650 crore IPO on Monday. Anuj Khanna Sohum, CMD and CEO, says the firm will use organic profit generated for strategic acquisitions and use IPO gains to fund working capital requirements. He says going forward the company will continue with its strategy which is anchored on organic growth while funding inorganic growth by profit. He expects 35% CAGR revenue growth going forward.