<ul data-eligibleForWebStory="true"><li>VC firm Elevation Capital purchased over 2.03 Lakh shares of Wakefit from employees ahead of its IPO filing.</li><li>The purchased shares were acquired at INR 1,600 each, totaling INR 32.54 Cr.</li><li>Wakefit plans to have an IPO with a fresh issue of shares up to INR 468 Cr and an OFS component of up to 5.8 Cr equity shares.</li><li>The startup aims to utilize IPO proceeds to expand retail presence and for marketing, having reported a net loss in recent financial years.</li></ul>

Elevation Capital Bought 2.03 Lakh Shares Of Wakefit Ahead Of IPO

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