Tonbo Imaging Cofounders Rake In ₹137 Cr From IPO
Defence tech company Tonbo Imaging completed an IPO that saw cofounders and early investors cash out substantial holdings. CEO Arvind Lakshmikumar raised ₹80.5 Cr, cofounder Ankit Kumar ₹40.6 Cr, and CCO Cecilia D'Souza ₹16.1 Cr. Related entities CEAQ Technologies sold their full and partial stakes for ₹641 Cr combined. Early venture investor Artiman realized ₹13.8 Cr with a 4.8X return multiple.
Key points
- Tonbo Imaging IPO raised ₹852 Cr with high investor demand
- Three cofounders realized ₹137.2 Cr collectively
- Early-stage investor Artiman achieved 4.8X return multiple
- Related entities CEAQ Technologies exited stakes totaling ₹641 Cr
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