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Startup IPO: Alphalogic Techsys Limited gets BSE nod for its IPO

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Alphalogic Techsys Limited gets in-principle approval from The Bombay Stock Exchange to open its IPO and list on the BSE Startup Platform.

Startups in India can raise funds through initial public offerings! This fact will be substantiated when Alphalogic Techsys Limited will come up with its IPO later this month. It is expected that Alphalogic will be the first startup to be listed on the BSE Startup Platform. BSE received IPO applications from two companies, since the launch of the platform in December 2018. Alphalogic received the BSE nod to open it’s IPO and list on the startup platform.

Alphalogic, a Pune based boutique software company, has been growing at a CAGR of 40% in the last 4 years. In FY 2018-19, the company clocked a stupendous growth rate of 120 per cent. The IPO is going to further fuel the growth rate and will play a pivotal role in the company’s future expansion.

Anshu Goel, Managing Director of Alphalogic, exalts about the company’s future plans, and states, “We have plans to expand our business in the European geography, and are planning to hire fresh talent to grow our team and business. We are focusing on the latest technologies, such as artificial intelligence, machine learning, cloud computing and so on. The capital raised through the market will enable us to expand globally and in a more productive manner.”

The company has its clientele in more than 12 countries around the world, and has already worked on some major projects for clients in US, UK and Australia. With a team of seasoned technocrats, the company is capable of delivering cutting-edge technological solutions for its clients.

When asked what made him to think about going the IPO way for funding, Anshu Goel opines, “IPO is testament of the company’s maturity and stability in terms of processes and business. It is a dream come true for a business to get listed on BSE. It’s more sensible to raise capital from the market than queuing up before VCs and institutional investors. When you raise funds through an IPO, you gain complete control of your business, which may not be the case when getting funds from a VC. Moreover, the BSE has created this wonderful platform for startups, like ours, and we must take advantage of it.”

Many startup consultants believe that the BSE will have a tough time ahead screening a lot many applications from prospective startups. Alphalogic has shown the way and startups will now dare to tread on it.

To know more about Alphalogic and its products and solutions, one may visit the website ​https://www.alphalogicinc.com/​.

About Alphalogic Techsys Limited:

Alphalogic Techsys Limited is a boutique Software Consulting Firm that helps its clients with their digital transformation needs. Alphalogic’s motto is Making Software Simple. Alphalogic has its development centre in Pune, India but serves its customers globally. Alphalogic works with clients from early stage start-ups to established SMBs and Fortune 500s from over 12 countries.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Outsourcing Online Transcription Services can now Help your Business

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When it comes to transcription services, companies want to hire an in-house team. They assume that it will be efficient and will get them results. However, that’s not the case. Online outsourcing of transcription services is far better than an in-house team. Here is why it’s better to have an online outsourcing transcription team.

Deadlines are the way of ensuring your productivity remains high. Once the staff starts missing deadlines, then the value of work decreases. An online outsourcing company will always meet deadlines and submit the work on time. You can even hire one overseas, that is ahead of your time, so you get the desired results fast.

Outsourcing online transcription services is not expensive. It depends on the part of the world the company comes from. Most of them are cheap if they are from Asia. But they do not compromise with the quality of work. Every company wants to cut short on some of the budget. And outsourcing costs is one of them. It is far less costly than hiring an in house team.

A company gets the services of experts when using an outsourcing transcription team. Most of the online transcription teams have a highly experienced staff that work efficiently and meet deadlines on time.

When a company uses outsourcing, the resources in the company get freed. The freer they are, the more focused they are. And the staff can focus on their priority and finish their work.

Outsourcing a transcription team has many advantages; a company saves capital expenses, gets results in time, and also increases the productivity of the staff.

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