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12 Dec 2018, 10:52 HRS IST
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  • PTI
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  • Grex Alternative Investments Market looks to raise $100 mln

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20:26 HRS IST

for companies

(EDS: Recasting the story and correcting the headline)

Mumbai, Jul 9 (PTI)
Grex Alternative Investments Market, a digital platform for startups and SMEs to raise capital, today said it was looking to raise USD 100 million for various companies through its platform.

It will also register 5,000 MSMEs and startups on its platform by FY19-end, the company said in a release today.

"We are opening doors to aspiring and deserving firms and are all ready to help them raise growth capital. The company plans to raise around USD 100 million and is looking at registering 5,000 unlisted MSMEs and startup companies on our platform by this year end," Grex chief executive officer Manish Kumar told PTI here.

The company helps in bridging the gap between early stage to mid-scale companies to potential investors and other ecosystem partners and opening applications from interested companies to apply for its first batch. The last date of application of first batch is July 31.

The companies can be from any domain - provided that they have done proof of concept and should be in early revenues stage. Grex would then be short-listing companies for its first cohort and facilitating their fund raised through giving them access to potential investors and other ecosystem partners.

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