Sports Tech Company Golflan Plans to go Public
A sports tech company called Golflan which is focused on golf announced its plans of going public by 2020 by launching an IPO, expecting its current streak of growing at 100 per cent annually to continue.
It has been stated that the company was on track to close this year with revenues of $6million as against $3million last year.
“We are breaking even operationally and will look at listing the company once we hit a revenue run rate of Rs 100 crore,” said Dhruv Verma, CEO Golflan.
He has also estimated that Golflan would be at a revenue run rate of Rs 50 crore by 2019, and between Rs80-100 crore by 2020. Also, he is currently in talks with merchant bankers on how they could go ahead with this.
As of now, the company has been focused on the b2b side of the g...