Ginodia plans to scale B2B transactions with a dedicated partner portal
Kolkata-based Altius Investech, India’s leading platform for investing in Pre-IPO & Private Equity, is increasing working capital and open offices in various cities in India as well as abroad, having raised Rs.6 crore at post money enterprise value of Rs.51 crore in August.
“The company is in the process to launch a comprehensive state-of-the-art leading industry website, which will enable investors to trade in Unlisted, Pre-IPO, Employee Stock Ownership Plan (ESOP) digitally and seamlessly”. Altius is looking to leverage technology to solve current challenges in investing in private shares, larger of them being liquidity and counter party risk,” said Abhishek Ginodia, Director, Altius, a DPIIT accredited startup enabling investments into Pre-IPO companies and tech unicorns looking to go public.
Abhishek added, “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 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 grow the angel investment ecosystem rapidly.”
“The Fintech startup is quite confident that they’ll 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, as the business model is pretty risk-free and extremely scalable. Altius remains a preferred partner for the top wealth management firms in India, we plan to leverage this going forward as well,” Sandip Ginodia, CEO & Founder at Altius Investech, said in a release on 1 Sept 2021, announcing his plans.
Ginodia elaborated, “We have our moat in this highly risky business where there are performance and counter party risk for 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 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.”
“We also plan to scale B2B transactions, by rolling out a dedicated partner portal which would make on-boarding new clients for our partners effortless. We expect to end H1 2021 at a minimum growth of 100% on topline and bottomline,” he said. #technology #IPO #investment #funding #banking /fiinews.com
