A Look At The Shareholding & Top Leaders

Two weeks after becoming a public entity, D2C furniture and mattress startup Wakefit has filed its draft red herring prospectus (DRHP) with the SEBI yesterday to raise INR 468 Cr (around $54.6 Mn) via fresh issue of shares.

The initial public offering (IPO) will also include an offer for sale (OFS) of up to 5.8 Cr shares. 

Through the OFS route, Wakefit’s promoters Ankit Garg and Chaitanya Ramalingegowda along with its backers, including Peak XV Partners, Redwood Trust, Paramark and Verlinvest, among others, will offload shares.

The…