an image kolkata

Kolkata-based fintech startup Altius Investech raises Rs 6 crore in seed round

The firm is mulling to invest in technology, increase working capital, and open offices in various cities in India and abroad.

 

Fintech startup

Kolkata-based fintech startup Altius Investec on September 1 announced that it has raised Rs 6 crore at a post-money enterprise value of Rs 51 crore.

The firm added that the investment was raised from close associates, professionals, and marquee investors. With this, the firm is mulling to invest in technology, increase working capital, and open offices in various cities in India and abroad.

Altius, leading platform for investing in pre-IPO & private equity, enables investments into pre-IPO companies and tech unicorns looking to go public. Apart from this, the firm is also a start-up accredited by DPI.

“The company is in the process to launch a comprehensive state-of-the-art industry leading website, which will enable investors to trade in Unlisted, Pre IPO, ESOP digitally and seamlessly,” Altius director Abhishek Ginodia said.

India startup ecosystem

“India startup ecosystem is at an inflection point with more than 10 startups already in the process of an IPO and the next 100 in the pipeline. Our platform will serve as a sounding board for companies to get investors in the secondary space, giving exits to ESOP holders and angel investors. A solution to the illiquidity issue will help in growing the angel investment ecosystem rapidly,” he further added.

Altius Investech founder Sandip Ginodia, meanwhile, is hoping that the firm will hit an EV of Rs 1,000 crore in a few years, once the technology is in place to automate most of the operations and expand aggressively.

Performance and counterparty risks

“We have our moat in this highly risky business where there are performance and counterparty risks for the investor in buying n selling by providing a reliable and robust platform with same-day execution, escrow, payment gateway, part payment, and other value-added services by catering to a largest retail client base in the 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 Investec said that they are planning to scale B2B transactions, by rolling out a dedicated 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 the topline & bottom line.

an image of Advertisement

Follow us on FacebookLinkedin, and Instagram to get timely updates about start-ups
What kind of articles do you want to see on our website. Please mail us at gurvinder@chalgenius.com

You also want to feature your start-ups here. No Worries. Call or Whatsapp at 8910430165. Please click to know more about us

Chalgenius is not just a media site. It creates more business opportunities for you by connecting you with thousands of potential customers, investors, accelerators, and mentors across the country. Come grow your business with us. Contact us at 8910430165 or mail at chalgeniusss@gmail.com for further details.

Get more stuff like this

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Leave a Comment

Your email address will not be published. Required fields are marked *

Join Our Facebook Group

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.