Geospatial Startup Matrix Geo Secures Pre-IPO Funding
The Business Guardian|November 19, 2024
Furthermore, the company intends to use this funding to accelerate growth and capture a larger market share in the rapidly expanding drone services sector in India and abroad.
Geospatial Startup Matrix Geo Secures Pre-IPO Funding

Drone & Space tech-based geospatial company Matrix Geo Solutions has raised nearly USD 1 million in its pre-initial public offering (IPO) funding round.

This round saw participation from marquee investors such as Chittorgarh Infotech, Viney Equity Markets LLP, and Tryrock Capital Trust AIF, among Others.

IntelliFin Private acted as the company's sole investment banker.

Following the fundraiser, Matrix Geo is now looking to file a draft red hearing prospectus (DRHP) soon for SME IPO.

This story is from the November 19, 2024 edition of The Business Guardian.

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This story is from the November 19, 2024 edition of The Business Guardian.

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