Just Dial, an India-based search engine backed by Germany-based technology company SAP, has reportedly filed for an initial public offering.
Just Dial, an India-based search engine backed by Germany-based technology company SAP, will look to sell shares worth more than R700 crore ($154.5m), with R360 crore of fresh capital being raised, and stake being sold by shareholders, according to news provider VC Circle.
Citigroup Global Markets India and Morgan Stanley India were bookrunners, VC Circle said.
In June, SAP Ventures invested $7.5m for a 1.5% stake in Just Dial, which valued the business search firm at $500m compared to $100m…
