PickMe gathers pace
Crosses Rs. 1 b in cumulative fundraising; to foray into food delivery, logistics
Nets Rs. 693 m in fourth round of capital-raising; IFC takes up Rs. 385 m in maiden venture capital investment
Existing shareholders chip in with Rs. 308 m in further vote of confidence of future upside
Latest fundraising propels PickMe to a valuation of Rs. 12.7 b comparable to top 50 market cap firms on CSE
Profitability improves in just three years of operation
Plans IPO late next year; long-term valuation points to Rs. 200 b-mark propelling PickMe to be among top 5 market cap firms
Committed to democractise transportation with access to affordable and comfortable solutions
By Nisthar Cassim
Digital Mobility Solutions Lanka Ltd., which operates PickMe, has completed Rs. 1 billion in...