India, Oct. 26 -- Edtech startup Imarticus Learning plans to file its DRHP with SEBI through the confidential route within the next two to three months for a Rs.1,000 Cr IPO, sources told Inc42.

The proposed issue size has increased from the Rs.750 Cr planned earlier, which was to comprise a mix of fresh issue and an offer for sale (OFS).

Imarticus intends to use proceeds from the IPO to expand its existing business and pursue acquisitions, the sources added.

Its organic expansion could include setting up more Centres of Excellence (CoEs), expanding offerings at the Imarticus School of Finance and Business (ISFB), and strengthening its B2B business, they said.

Inc42 has reached out to Imarticus for comment on its IPO plans. The story ...