The firm is inventing to invest in modern technology, increase working capital and open offices in various cities in India and abroad.
Kolkata-based fintech startup company Altius Investech on September 1 announced that it has raised Rs 6 crore INR at post money enterprise value of Rs 51 crore.
The firm added that the investment in funded was raised from close associates, professionals and latest marquee investors. With this, the firm is mulling to invest in modern technology, increase working capital and open new offices in various cities in India and abroad.
Altius, leading platform for investing holding in pre-IPO & private equity, enables investments into pre IPO best companies and tech unicorns looking to go public. Apart from this, the firm is also a start up accredited by DPIIT.
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“The company is in the process to recently launch a comprehensive state-of the art industry leading website, which will make enable investors to trade in Unlisted, Pre IPO, ESOP digitally and seamlessly,” Altius director Abhishek Ginodia said.
“India startup ecosystem is at an totally inflection point with more than 10 startups already in the process of an IPO trading and the next 100 in pipeline. Our platform will serve as a sounding board for top companies to get investors in the secondary space, giving exits to ESOP holders and angel investors. A complete solution to the illiquidity issue will help in grow the angel investment ecosystem rapidly,” he further added.
Altius Investech founder Sandip Ginodia, meanwhile, is hoping again that the firm will hit an EV of Rs 1,000 crore in a few years, once the modern technology is in place to automate most of the operations and expand aggressively.
We always have our moat in this very highly risky business where there are performance and counter party risk for more investor in buying n selling by providing reliable and robust platform with same day execution, escrow, payment gateway, part payment and other value added services by catering to online largest retail client base in industry and having clients across all six continents. NRI and Expats as well as marquee investors contribute nearly 40% of our turnover,” Ginodia added.
Among other things, Altius company Investech said that they are planning to scale B2B transactions, by rolling out a dedicated his partner portal which would make onboarding new clients for our partners effortless. The firm expects to end H1 2021 at a minimum growth of 100 percent on topline & bottomline.