Fintech Startup - Altius Investech Raises Rs.6 crore in seed round
Summary
The primary objective being, to invest in technology, increase working capital and open offices in various cities in India and abroad. According to Abhishek Ginodia, Director, Altius, “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, 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. "The Company is quite confident that they’ll hit an EV of INR 1000 Cr 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. Sandip further elaborates, “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.