PayNearby Plans IPO Next Fiscal Year

PayNearby is planning for an initial public offering in the next financial year to fuel its expansion

The startup is in the process of finalising a merchant banker for the IPO, after which it plans to file its DRHP

The startup also plans to hire 600 employees by the end of the current fiscal year

Mumbai-based fintech PayNearby is reportedly planning for an initial public offering (IPO) in the next financial year to fuel its expansion.

Chief executive and managing director at PayNearby Anand Kumar Bajaj told Reuters…