CIEL HR Services Secures ₹30 Crore from Zoho, Pegasus, and Others Ahead of IPO
ByAinvest
Saturday, Jan 3, 2026 11:28 am ET1min read
CIEL HR Services raised ₹30 crore from investors including Zoho Corporation and Pegasus India ahead of its proposed IPO. The funds will be used to acquire stakes in subsidiaries, fund incremental working capital requirements, pursue inorganic acquisitions, and expand its learning experience platforms. The IPO will comprise a fresh issue of ₹335 crore and an offer for sale of 47.4 lakh shares by promoters and other selling shareholders.
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