An AI-driven cybersecurity company co-founded by Nepali entrepreneur Deepjung Thapa has successfully listed on the Bombay Stock Exchange after its IPO was oversubscribed 205.08 times.
Kratikal Tech Limited, an artificial intelligence (AI) powered cybersecurity company with its headquarters in India, has reached a major milestone. The company’s initial public offering (IPO) was oversubscribed by an amazing 205.08 times on the Bombay Stock Exchange (BSE). This is considered as the first ever listing on the Indian stock market that is connected to a Nepali entrepreneur.
The IPO was open for public subscription from Asar 16 and closed on Asar 18, receiving huge trust and excitement from investors during this period.
The Story of Kratikal Tech
Kratikal Tech was started back in 2013 by three college friends during their engineering studies. The co-founders are Deepjung Thapa, Pawan Kumar, and Partosh Kumar. Over the years, it has become a trusted provider of high-tech cybersecurity solutions. Deepjung Thapa, who comes from Khotang in Nepal, serves as Chief Operating Officer (COO) of company. He graduated with a BTech degree from Motilal Nehru National Institute of Technology (MNNIT) and previously worked as product manager at Paytm.
Speaking about this achievement, Thapa said that journey from the hills of Khotang to the trading floor of the Bombay Stock Exchange feels like a beautiful dream. He added that the team is extremely thankful to see such amazing excitement from investors, and this IPO is just the beginning of their ambitious journey, not the final destination.
With this fresh capital, the company is preparing to speed up its global expansion, make their platforms even stronger, and create a bigger impact in cross-border cybersecurity.
From a Hacked Email to a Huge Company
The idea for Kratikal Tech started in 2013 when one of the co-founders had his email hacked through a shared computer in their college campus. This personal experience made them realize how serious cybersecurity issues are, which motivated the three classmates to build proper cybersecurity solutions for businesses.
Today, the company provides AI-driven SaaS-based security platforms along with expert consulting and compliance services. They serve clients in many fields like BFSI, fintech, telecom, IT, healthcare, pharma, e-commerce, and manufacturing in India, Middle East, and other international markets.
Almost 9 years ago, the company started with funding from just four angel investors. Now, Kratikal Tech is valued at around 323 crore Nepali rupees. The money raised from the IPO will help them to aggressively expand in regions like United States and Middle East.
To grow its services in Nepal, Kratikal has also done partnership with Gap Technologies, a technology company based in Kathmandu.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
