Smaaash – a virtual Sports & Entertainment Company backed by Sachin Tendulkar is going to launch the initial public offering to raise around INR 500 Cr. from the market. The company has already appointed some investment bankers to handle the public issue.

The Smaaash is planning to utilize the cash to repay part of its debt, fund its organic growth initiatives & meet its working capital needs, according to reports.

About Smaaash:

It operates centers for Cricket, bowling, football, go-karting & virtual games around 30 centers in India. Along with these, it has one centre in the United States & also planning to open in UAE, Thailand & Saudi Arabia. Smaaash had acquired PVR & PVR BluO Entertainment – a major Cineplex group’s bowling joint venture for 86 crore.