Elevation Capital Buys 2.03 Lakh Shares Of Wakefit Ahead Of IPO

As per Wakefit’s DRHP, the 2,03,426 shares were acquired at INR 1,600 each, translating into a total sum of INR 32.54 Cr

The D2C brand also allotted more than 26 Lakh shares to cofounders Garg and Ramalingegowda in May this year

Wakefit has filed the DRHP with SEBI for its IPO, which will comprise a fresh issue of shares worth up to INR 468 Cr and an OFS of up to 5.8 Cr equity shares

VC firm Elevation Capital purchased more than 2.03 Lakh shares of IPO-bound portfolio startup Wakefit from the D2C brand’s…