Fusion CX draws ₹120 Cr pre-IPO
By Abha Lohia ·
Fusion CX: funding and every story →
- Fusion CX runs customer-service and back-office outsourcing for businesses, and is preparing a stock market listing
- Kotak Life, investor Ashish Kacholia and Sanshi Fund-I bought promoter shares worth ₹120 crore at ₹289 each, the top of the price band
- The deal covered about 3.19% of equity and closed on October 9, days before the ₹702 crore issue opens
What happened
- Investors bought 41.52 lakh shares from two promoter entities.
- Price was ₹289 a share, the upper band.
- Kotak Life took ₹50 Cr, Kacholia ₹35 Cr, Sanshi Fund ₹25 Cr.
- The stake is 3.19% of pre-offer equity.
Why it matters
- Pre-IPO buys by known investors signal confidence before the issue.
- Money went to the selling promoters, not to the company.
The business
- Customer experience outsourcing
The founders
Who put in money
- Kotak Mahindra Life Insurance buyer — ₹50 Cr
- Ashish Kacholia buyer — ₹35 Cr
- Sanshi Fund-I buyer — ₹25 Cr
In numbers
about ₹4,200 CrValuation at upper band · 2026
What happens next
- Issue opens October 14 and closes October 16
Words to know
- Secondary transaction
- existing shareholders sell shares to new buyers; the company gets no money
Other articles talking about it
Terms in this story
- IPO: An IPO, or initial public offering, is the first time a company sells its shares to the general public and gets listed on a stock exchange. In India the process is supervised by SEBI and ends with the shares trading on the NSE and BSE.
- Price band: The red herring prospectus (RHP) is the near-final IPO document that carries the price band and the opening and closing dates. From the day the band is announced, a main board IPO runs for three working days of bidding and lists a few days later.
Everything on Fusion CX → · All startup news on 11 October 2026 →
Is this Fusion CX? Get your “Featured on StopDown” badge →