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Morgan Stanley, J.P. Morgan, Citigroup among the underwriter’s for Sprinklr’s IPO

A remarkable 19.3% rise was seen in the annual revenue of Sprinklr, a software startup. Sprinklr counts on customers including Microsoft corp. & McDonald’s corp. They help their clients in marketing, advertising and customer engagement. The company’s total annual revenue was about $386.9 million while lose has increased form $39.1 million to $41.2 million by the end of Jan 31. In the last three months that ended on April 30, a rise of 19.3% i.e. $111 million was observed. The startup came into existence in 2009 by its founder CEO Ragy Thomas in New Jersey in a bedroom of his house. Today it employs over 2000 people globally. Some of the investors in Sprinklr includes Singapore based firm Temasek, Battery ventures & ICONIQ Capital. Sprinklr had confidentially submitted its IPO in March. The underwriter’s for Sprinklr’s IPO are Morgan Stanley, J.P. Morgan, Citigroup, Barclays & Wells Fargo Securities.

Source: Reuters

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