EaseMyTrip stopped pre-IPO funding wires to delay its March 2020 listing
Prashant Pitti · Bootstrap to IPO in 10 years ft. Prashant Pitti, founder EaseMyTrip · Dec 28, 2021 · at 17:31
EaseMyTrip co-founder Prashant Pitti explains how the onset of COVID-19 forced the company to delay its initial public offering by a year.
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“And you know, on sixth of March, 20 20, I remember calling all those investors myself and saying that, Hey, something big is coming. And it's better that we put our IPO plan to indefinite position because, you know we were also planning to raise some pre IPO money. So a couple of people were almost about to wire the money and we stopped them saying that, Hey, you know you know, maybe the IPO will not happen. Something big is coming. It looks like. So let's just wait it out. And that is how the original IPO plan actually got postponed. And then we actually successfully did our IPO on 19th of March of 2021.”
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