CloudThat startup aims GIFT City listing via $8 million IPO
Business
CloudThat, a Bengaluru-based cloud training and consulting startup, is aiming to become the first company to list on the GIFT City exchanges.
It is aiming to raise $8 million through an IPO, with founder Bhavesh Goswami sharing that the funds will go toward snapping up new companies, hiring talent abroad, opening international offices, and boosting its core cloud business.
CloudThat revenue climbs 76cr to 210cr
CloudThat's revenue has shot up from ₹76 crore in FY24 to ₹120 crore in FY25, with provisional FY26 revenue at ₹210 crore. Profits have also seen a big jump.
Even though most of its earnings come from India right now, it plans to raise dollars on GIFT City for global expansion, and is even considering listing on Indian exchanges in the future if regulations allow.