The company aims to raise ₹50 crore through its upcoming IPO to fuel strategic expansion and scale its operations rapidly.
New Delhi, 23 June 2025 — Paper Arizona, a New Delhi-based paper-tech startup and India’s leading B2B marketplace for paper, pulp, packaging, and allied products, has announced a major milestone: crossing ₹100 crore in annual revenue for FY 2024–25. The bootstrapped company, officially registered as Thirumals Paper Arizona Pvt. Ltd., has also confirmed plans to go public via an Initial Public Offering (IPO) in the second half of 2026.
Founded in December 2022, Paper Arizona has emerged as a disruptive force in a traditionally fragmented industry. Its real-time, tech-enabled platform addresses long-standing challenges in India’s paper ecosystem—such as price opacity, lack of digitization, and inefficient supply chains—by enabling seamless transactions between verified buyers and sellers.
“Achieving the ₹100 crore milestone in under three years is a tremendous validation of our vision,” said Ankitt Jain, Co-founder & CEO, Paper Arizona. “We’re proud to be profitable and trusted by leading brands in FMCG, publishing, and packaging. With a projected revenue of ₹130 crore this fiscal, we’re now gearing up for IPO-driven expansion.”
Gearing Up for IPO and Scale
- IPO Readiness: Paper Arizona has undergone due diligence with certified agencies and received green lights for its IPO.
- Capital Deployment: The company aims to raise ₹50 crore in its 2026 public offering to invest in warehousing upgrades and launch a sustainable B2C product line made from bamboo.
- Government Support: The venture has already received ₹5 crore in government grants, and serves a growing base of 3,500+ buyers.
Sustainability and Vision for Growth
With a mission anchored in transparency, quality, and tech-first convenience, Paper Arizona is also a strong advocate for sustainability—actively promoting FSC-certified paper and ethical sourcing practices. Plans include:
- Regional Expansion: Scaling operations across Eastern and Western India
- Global Outlook: Entering the Middle East market by 2030
- Revenue Growth: Targeting a 3–4x increase in annual revenue post-IPO
