EDII-mentored startup Naapbooks to be listed on BSE platform
Ahmedabad Aug 31 PTI Gujarat-based IT firm Naapbooks will be the first startup from Entrepreneurship Development Institute of India EDII to be listed on the BSE SME platform officials said on Tuesday The tech startup has filed for IPO — opening on September 1 — on BSE SME platform to raise Rs 399 crore to fund marketing initiatives and fill working capital gaps said Abhishek Jain Director and Co-founder of Naapbooks Ltd The tech startup was mentored at EDIIs technology business incubator CrAdLE Centre for Advancing and Launching Enterprises which is supported by the central government EDII Director General Sunil Shukla saidCrAdLE has incubated more than 65 companies during the last five years and many of them have already entered the commercialisation stage Tech startup Naapbooks is one such company They offer affordable IT solutions to manage various business processes This is beneficial for MSMEs as they find it difficult to buy expensive software and tools Shukla said during a press conferenceIncorporated and founded by Ashish Jain Abhishek Jain and Yaman Saluja in 2017 Naapbooks started with its cloud-based accounting application that provided automated processes as well as secured data management according to a release by EDIIToday it has successfully delivered on the expectations of its clients by completing projects like e-auction Aadhaar based payment solutions e-voting and order management solutions It is also developing various applications to ease the business processes for SMEs starting with visitor management VizMan and supply chain management the release said To scale up and gain more industry exposure the company got incubated in CrAdLE EDII in 2017 With close to five years in the market the startup has a presence in more than five states has 500-plus clients and has completed more than 100-plus projects it added PTI PJT NSK BAL BAL
Ahmedabad Aug 31 PTI Gujarat-based IT firm Naapbooks will be the first startup from Entrepreneurship Development Institute of India EDII to be listed on the BSE SME platform officials said on Tuesday The tech startup has filed for IPO — opening on September 1 — on BSE SME platform to raise Rs 399 crore to fund marketing initiatives and fill working capital gaps said Abhishek Jain Director and Co-founder of Naapbooks Ltd The tech startup was mentored at EDIIs technology business incubator CrAdLE Centre for Advancing and Launching Enterprises which is supported by the central government EDII Director General Sunil Shukla saidCrAdLE has incubated more than 65 companies during the last five years and many of them have already entered the commercialisation stage Tech startup Naapbooks is one such company They offer affordable IT solutions to manage various business processes This is beneficial for MSMEs as they find it difficult to buy expensive software and tools Shukla said during a press conferenceIncorporated and founded by Ashish Jain Abhishek Jain and Yaman Saluja in 2017 Naapbooks started with its cloud-based accounting application that provided automated processes as well as secured data management according to a release by EDIIToday it has successfully delivered on the expectations of its clients by completing projects like e-auction Aadhaar based payment solutions e-voting and order management solutions It is also developing various applications to ease the business processes for SMEs starting with visitor management VizMan and supply chain management the release said To scale up and gain more industry exposure the company got incubated in CrAdLE EDII in 2017 With close to five years in the market the startup has a presence in more than five states has 500-plus clients and has completed more than 100-plus projects it added PTI PJT NSK BAL BAL
