Pioneer e-commerce entity Kapruka aims for next growth phase via Rs. 500 m IPO Source:FT IPO funds to upgrade Kapruka’s existing technology and infrastructure; expand its cross-border export activities New initiatives such as a marketplace for premium brands, a used goods and wholesale marketplace in the offing Kapruka’s turnover in FY21 up 33% to Rs. 960 m; FY22 forecast is Rs. 1.45 b and Rs. 1.8 b in FY23 Acuity Partners selected as financial advisor and manager to IPO Aimed at riding its next growth wave, Sri Lanka’s pioneer e-commerce enterprise Kapruka is to list on the Colombo Stock Exchange via a Rs. 500 million Initial Public Offering (IPO). The funds raised via the IPO will be utilised to upgrade its existing technology and infrastructure and to expand its cross-border export activities. In addition, Kapruka is planning to generate new revenue streams by introducing several new e-commerce products, including a ...

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