Ferns N petals’s global chief executive and director Pawan Gadia has said that the gifting platform needs to bolster its financial health before hitting the public market 👇

Speaking at a fireside chat titled “Three Decades Of Gifting: How Ferns N Petals Cracked The Omnichannel Play” at Inc42’s D2C Summit, Gadia said that he has set a benchmark of INR 6,000- 8,000 Cr valuation for FnP by FY27 before the company goes for an IPO.

Besides this valuation, the company is also chasing a top line of INR 1,500 Cr as well as EBITDA of INR 150 Cr before it goes public. The brand, in 2022, raised INR 200 Cr at a valuation of INR 2,400 Cr, according to Gadia,. Post the fundraise, he said that FnP’s losses zoomed to a “historic” INR 100 Cr in FY23.

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Credit - Inc42 Media