Sebi’s proposal includes introducing a minimum net worth criteria for investors to be eligible to invest in start-ups through crowdfunding platforms
Surojit Nandy, co-founder, GREX, said his company had suggested a “regulated alternative funding platforms/portal” where crowdfunding transactions can be supervised and will not involve an extensive legislative overhaul to start with.
Read more »
In 2005, the startup world saw a new term being included in its list of ever increasing Jargon-Accelerator. A startup accelerator is an intensive business program which help a startup to network, be mentored, and meet the potential investors and grow their business rapidly or 'accelerate' it to a certain point. All over this period, founders get to fine tune their ideas culminating in a pitch event or demo day where startups get to pitch its business in front of potential investors, Says Manish Kumar CEO and cofounder of GREX, an alernative investment platform that allows private individuals to invest in start-ups: Read more »
In order to boost the credibility of the sector and encourage more lenders, Pune-based startup GREX has launched an invitation only platform that allow investors to discover, track and invest in unlisted companies. Founder and CEO, Manish Kumar also plans to open up debt funding on the platform, which will have the added benefit of visibility to unknown SMEs.
"Today, if an SME gets a loan, nobody is the wiser because there's no platform to discuss it," says Kumar. If unlisted companies and their investors can publicly record these deals,... Read more »
GREX Alternative Investments Market (GREX), a seamlessly integrated exchange-like platform, has announced the appointment of two new leaders Abhijit Agashe as Executive Director and Sameer Gupta as Chief Financial Officer (CFO).
Abhijit Agashe, a Senior Corporate Banker with around 20 years of experience, has worked across functions encompassing Business and Product Development, Risk Management, Transaction Banking etc. Prior to joining GREX, he was with DBS as a part of Senior Management team of banks India’s operations for over five years, heading all businesses for the banks Pune region... Read more »
GREX Hires Abhijit Agashe & Sameer Gupta
GREX Alternative Investments Market (GREX) has appointed Abhijit Agashe as Executive Director and Sameer Gupta as Chief Financial Officer (CFO). Abhijit Agashe has around 20 years of experience and has worked across functions encompassing business and product development, risk management, transaction banking etc. Prior to joining GREX, he was with DBS as a part of Senior Management team of banks India’s operations for over five years, heading all businesses for the banks Pune region. His earlier career stints include Cognizant, iFlex, Mindtree etc. Read more »
Grex Alternative Investments Market (GREX), a seamlessly integrated exchange-like platform, has announced the appointment of two new leaders - Abhijit Agashe as executive director and Sameer Gupta as chief financial opfficer (CFO).
Abhijit Agashe, a corporate banker with around 20 years of experience, has worked across functions encompassing business and product development, risk management, transaction banking etc. Prior to joining GREX, he was with DBS as a part of senior management team of the bank's India operations for over five years, heading all businesses for the banks Pune region. He has also worked with Standard Chartered Bank apart from dabbling in IT during his early career stints in firms like Cognizant, iFlex, Mindtree etc. Read more »
The first thing you need to remember is that every business is not attractive to a Venture Capitalist (VC) and hence raising capital becomes more complicated. Now, how do you realize that your business is not fit for a VC? Well, the easiest is to ask few VCs. The difficult part is to understand the inherent challenges of scale in your business that makes it less attractive to a VC. The simplest matrix to measure scalability is to assess increase in cost of operations (manpower and others) when servicing 10 clients vs 10,000 clients. Read more »
Pune-based start-up GREX Alternative Investments Market, which connects start-ups with investors for capital funds, will launch a secondary market facility that will allow investors to buy and sell equity shares via the platform, starting September.
Currently, if an investor wants an exit from an unlisted company, the formalities are carried out offline and directly with the company. Through this platform, investors will be able to buy and sell shares online. It also facilitates encashing of employee stock option plans (ESOPs). Read more »
Here’s looking at what Indian companies and startups have to say about Budget 2016-17:
Payments and finance companies: Manish Kumar, CEO and co-founder, GREX “We believe the Union Budget 2016-17 is well aligned with Prime Minister’s ‘Make in India’ and ‘Startup India’ campaign… The relaxation in capital gain tax for investment in Funds of Funds and reducing the time frame to two years from three for availing long term capital gain tax benefit in the unlisted space will further boost the investment in startups.” Read more »
Fund of Funds
During Startup India policy announcement, government announced that it would create a Fund of Funds (FoF) that would invest in private venture capital funds which in turn will invest in startups. We believe it will be good for the FoF to invest directly in the start-up an amount equal to the amount raised by any start-up as it will protect the entrepreneurs from the clutches of VC. Read more »
19 entrepreneurs tell Techstory what they want from budget 2016
Manish Kumar, CEO & Co-founder, GREX Alternative Investments Pvt Ltd.(GREX).
During Startup India policy announcement, government announced that it would create a Fund of Funds (FoF) that would invest in private venture capital funds which in turn will invest in startups. We believe it will be good for the FoF to invest directly in the start-up an amount equal to the amount raised by any start-up as it will protect the entrepreneurs from the clutches of VC. Read more »
With budget expected to roll out in a week’s time, one of the industry that is enthusiastic, hopeful and eagerly waiting is – startups.
The ‘Startup India’ action plan had managed to lift the spirits of many startups. The startup ecosystem is now glued to see what the government has to offer them as against expectation of a healthy tax regime for high-spirited startup ecosystem in India.
Below are the expectations of startups catering to different verticals. Read more »
With budget expected to roll out in a week’s time, one of the industry that is enthusiastic, hopeful and eagerly waiting is – startups.
The ‘Startup India’ action plan had managed to lift the spirits of many startups. The startup ecosystem is now glued to see what the government has to offer them as against expectation of a healthy tax regime for high-spirited startup ecosystem in India.
Below are the expectations of startups catering to different verticals. Read more »
Union Minister Nirmala Sitharaman today expressed the hope that Budget 2016-17, to be present next week, will allocate required funds for Start-up India programme.
She said her ministry, Commerce and Industry, will do its best to solve the financial difficulties being faced by start-ups.
Speaking on the "role of Centre through Start-up India initiative" at a programme here, the minister said "the government, I am sure, will be a lot more flexible in dealing with issues raised by start-ups and we are not just looking ... Read more »
Fund of Funds: During Startup India policy announcement, government announced that it would create a Fund of Funds (FoF) that would invest in private venture capital funds which in turn will invest in startups. We believe it will be good for the FoF to invest directly in the start-up an amount equal to the amount raised by any start-up as it will protect the entrepreneurs from the clutches of VC. This is now possible as they have also defined what is a Startup for the Government recognition sake, thereby, eliminating any large scale misuse of this facility.
Also, the proposed FoF of $1.5 billion will be deployed in tranches over a period of four years viz $400 million year. Read more »
Fund of Funds: During Startup India policy announcement, government announced that it would create a Fund of Funds (FoF) that would invest in private venture capital funds which in turn will invest in startups. We believe it will be good for the FoF to invest directly in the startup an amount equal to the amount raised by any startup as it will protect the entrepreneurs from the clutches of VC. This is now possible as they have also defined what is a Startup for the Government recognition sake, thereby, eliminating any large scale misuse of this facility.
Also, the proposed FoF of $1.5 billion will be deployed in tranches over a period of four years viz $400 million year. Read more »
What do you get when you marry Start Up India with Digital India with SEBI’s revamped institutional trading platform? Well, it’s called GREX and its Co-Founder & CEO Manish Kumar is here to talk …
There is one thing that all entrepreneurs must’ve realised in their lives and that is “funding is highly inevitable”. The current funding scenario is broadly categorised under the following sources.
• Bootstrapping
• Friends and Family
• Accelerators and Incubators
• Angel Investors
• Venture Capital
• Equity Crowdfunding
The first three can work out very well if you have the right idea alone, but once you start scaling up, you need to find the right source of investments. If we look at the 2014 funding scenario in India it was observed that: Read more »
Manish Kumar, CEO, GREX participated in a panel discussion on CNBC Awaaz around StartupIndia program of GoI.
Manish Kumar, co-founder and CEO, GREX a platform for startups and unlisted companies to raise funds, says the tax breaks on profits would only benefit service oriented startups which generate revenue from the start. “However, it will not be effective for product companies which have a longer product development cycle and which may have a longer profit horizon,” adds Kumar.
In regard to the capital gains exemptions he says, “The devil will lie in the details of how it is implemented. “The devil will lie in the details of how it is implemented. More details on this will be keenly anticipated.” And rightly so. The fine print of the Action Plan reads, “the exemption shall be given to persons who have capital gains during the year, if they have invested such capital gains in the Fund of Funds recognised by the Government.”
Read more »
Manish Kumar, Co-founder & CEO GREX lauded the change in the principle approach of the government towards the economy – that the government wants to stay away from deciding and directing on what needs to be done. Said Manish, “Instead, the Government looks at a policy of arm’s length enablement. This stand is a bold new change in the government policy and disruptive in its own right.”
However he was not happy that venture debt was miserably missing in the ecosystem. But he welcomed the addressal of concerns around notional valuation gains to investors over and above the fair market value and was looking forward to more details on this front.
Read more »
A year ago, Sunil Mahajan, CEO of Kleeto, approached a few seed funds and venture capitalists to raise working capital for the record management solutions company. Forget funding, many of them did not even give Mahajan a patient hearing.
Kleeto faced an unusual problem — its capital requirement was very small. That made it a pariah for the investors it contacted. The investors were besotted with ecommerce startups, which required bigger capital and ergo, represented bigger ambitions and bigger markets, although they carried bigger risks.
Read more »
Ritesh Dhoot, a director in a Bangalore-based multinational technology company, has been wondering how to be a part of the startup culture. In Delhi, Sushil Mehta, who retired recently as the managing director of a pharmaceutical company, too was looking to invest in startups. Both, however, did not know where to start.
Their quandaries were resolved when they learnt of Pune-based Grex Alternative Investments Market, a platform similar to an exchange that brings early-stage startups and investors together.
Mr Dhoot and Mr Mehta are just two of... Read more »
Grex, a Pune-based company that operates an online stock exchange-like facility for unlisted startups, has recently seen the first funding transaction on the platform. The first to raise funds was Kleeto, a record and information management company, and one of the 350 registered on the platform.
"We are fast-tracking 12 startups to go live on the platform and, by December-end, two more startups are expected to raise funds," said CEO Manish Kumar.Kumar is also a senior venture partner at early-stage venture capital firm IncuCapital, which is the principal promoter of Grex. Read more »
Government should be patron and not judge for companies in their early stages.
According to E&Y report on global venture capital, in 2013, India just managed around 3.7 per cent of total VC investments (different from FDI). The trend was similar for 2014. The worrying and alarming interpretation of this statement is that today’s VC investment is a critical indicator of a country’s future global share of technology advancement, jobs creation, GDP growth and overall economic progress. Anyone understanding a little mathematics could easily extrapolate that in five years, the multiplicity factor would make the difference amongst... Read more »
Fund raising becomes serious business as startups mature
Tea Break, a new age tea shop in upscale western Mumbai, was more than a mere weekend hangout for the five youngsters in their teeming 20s – two chartered accountants, one MTech, a graphic designer and a hotelier.
They got their high not just through sampling the variants of tea, which were heady enough. Most of their adrenalin flowed from talking endlessly over Flipkart, Snapdeal, Zomato and the new cult of startups, thoughts that have come to dominate many budding entrepreneurs in the last one year or so. Read more »
GREX Alternative Investments market has signed an agreement to entrust Orbis Financial Corporation Ltd as the transaction settlement partner for the capital raise transactions that will be done through the platform.
The company has built a seamlessly integrated exchange-like platform and its associated ecosystem of participants, to bring together private eligible investors and high growth unlisted companies for information exchange and securities transactions. This is first of its kind development in the private placement market, even globally... Read more »
GREX Alternative Investments Market on Wednesday announced that it has formally signed an agreement to entrust Orbis Financial Corporation Limited as the transaction settlement partner for the capital raise transactions that will be done through the platform.
GREX has built a seamlessly integrated exchange-like platform and its associated ecosystem of participants, to bring together private eligible investors and high growth unlisted companies for information exchange and securities transactions, a company statement said. Speaking on this development, Sanjay Nishank, Director and Co-founder, GREX, said, Read more »
Grex Alternative Investments Market has signed an agreement with Orbis Financial Corporation as settlement partner for transactions undertaken through its platform. Grex, a stock exchange-like investment platform to connect unlisted companies with venture capital and high net worth investors, will not handle the investor money or securities by itself. The amount or securities will be deposited in a separate escrow account under the custody and operation of Orbis. Grex will only generate an automated settlement instruction based on the success of investor applications while Orbis will be responsible for final settlement of both funds and securities. Read more »
GREX Alternative Investments Market announced that it has formally signed an agreement to entrust Orbis Financial Corporation Limited as the transaction settlement partner for the capital raise transactions that will be done through the platform.
GREX has built a seamlessly integrated exchange-like platform and its associated ecosystem of participants, to bring together private eligible investors and high growth unlisted companies for information exchange and securities transactions. Read more »
Angel investing may appear rewarding, but for the lay investor, the risks far outweigh the gains.
After the latest round of funding from Alibaba, Foxconn and Soft Bank, online marketplace Snap deal is estimated to be valued at over $4 billion. If you had invested `10 lakh in Snapdeal when it was founded in 2010, your investment would have grown to `19.8 crore today. Had you invested in Flipkart in 2007, your investment would have swelled to `30 crore. Investment of `10 lakh in Olacabs in 2011 would be worth `6.9 crore now. Having missed out on these Indian unicorns, are you now thinking of turning an angel investor? Think again. Read more »
With venture capitalists and angel investors shying away from the city, Nasscom has decided to step in setting up a warehouse here, on the lines of similar initiatives in Bengaluru and Kolkata
Ranked a weak fifth as a destination for venture capitalists (VCs) and angel investors, the Pune's start-up story so far has been essentially scripted by self-funded enterprises. VCs say they have shied away from this market as it lacks critical mass. In a bid to remedy the situation and evolve it as the next big platform for start-ups, National Association of Software and Services Companies (Nasscom) has decided to set up a startup warehouse in the city, where its fledgling enterprises can be... Read more »
GREX, an upcoming online platform aimed to bring together unlisted companies and potential investors, on Monday said it has raised Rs.4 crore in its first round of funding. The platform is expected to go live next month.
The company said in a statement that over 200 start-ups and 150 investors have registered on its platform. It plans to use the money to strengthen technology and introduce new financial products and features.
Those who seek to raise funds through GREX must dematerialise their shares. The company said it has... Read more »
GREX, an alternative investment platform that allows private individuals to invest in startups and unlisted companies, today announced that it has raised Rs 4 crore in its first round of funding.
The funds will be utilised to strengthen GREX's IT backbone and bring in new financial products and features on its transaction and information sharing platform for unlisted companies.
The Pune-based company provides an exchange-like platform for start-ups and unlisted companies looking to raise funds. Read more »
GREX, an alternative investment platform that allows private individuals to invest in startups and unlisted companies, today announced that it has raised Rs 4 crore in its first round of funding.
The funds will be utilised to strengthen GREX's IT backbone and bring in new financial products and features on its transaction and information sharing platform for unlisted companies.
The Pune-based company provides an exchange-like platform for start-ups and unlisted companies looking to raise funds. Read more »
GREX, an Alternative Investments Platform, that has created capital market like ecosystem for serious investing in startups and unlisted companies, has raised Rupees Four crore in its first round of funding. The funds will be utilised to strengthen GREX’s IT backbone and bring in new financial products and features on its transaction and information sharing platform for unlisted companies.
More than 200 startups across India and over 150 investors have begun their registration on GREX. Over eight companies have completed full data disclosure that is required by GREX as part of its requirements to go ‘Live’. Read more »
Stock market investors who keep looking for multi-baggers in mid-cap and small-cap space will have a new window of opportunity for investment - in start-ups and unlisted companies with just Rs 2 lakh.
The Pune based GREX Alternative Investments Market is all set to go live soon with its exchange-like fundraising platform for startups and unlisted companies where investors can invest in such companies through an online transaction platform.
“Huge affluent classes of private investors do not have access to startups which could be multi bagger companies. GREX will enable investors who have an appetite to invest in such companies”, said Manish Kumar, CEO, GREX. Read more »
GREX co-founder, Surojit Nandy spoke to DD News recently. Yet another step for reaching audiences across the nation for GREX.
Securities and Exchange Board of India's (Sebi) second attempt to formulate regulations for a separate trading platform for technology start-ups and new age companies has largely received positive response from various sections of the capital markets industry in India.
Securities and Exchange Board of India’s (Sebi) second attempt to formulate regulations for a separate trading platform for technology start-ups and new age companies has largely received positive response from various sections of the capital markets industry in India. The capital markets regulator had tried to make a similar platform in October 2013 but failed to take-off. Read more »
Grex Alternative Investments Markets, an exchange-like fundraising platform for unlisted companies and startups, is all set to go live over the next few weeks.
The platform, with over 150 company listings, will enable investors to buy equity shares in unlisted businesses.
"We've a very secure platform where companies could list themselves and raise funds from investors who want to buy their shares. This is an exclusive, by-invitation platform for investors with a login ID," said Manish Kumar, founder CEO at Grex Alternative Investments Markets.
Read more »
The Indus Entrepreneurs (TiE), in association with incubation centre The Entrepreneur Zone, organised a promotional launch of Pune-based company GREX here.
GREX is touted as the country's first stock exchange for unlisted startups, which is scheduled to be launched in July 2015.
The move aimed at creating an alternative funding option for startups and more exit options for investors who back risky ventures. GREX will also encourage the public to participate and contribute to the growth of startups.
“GREX is designed to be an integrated platform not only for capital needs but also for naturally providing visibility and access to companies. There is substantial latent appetite for these high growth companies as investment opportunity... Read more »
Manish Kumar, CEO, GREX speaks with Harshada Sawant , CNBC Awaaz prime time anchor, about the implications a platform like GREX can have for start ups and SMEs
Manish Kumar, CEO, GREX was interviewed on CNBC Awaaz Entrepreneur as a part of the media coverage of the GREX roll-out.
A Pune-based engineer is trying to build the country's first stock exchange for unlisted startups in a move aimed at creating more exit options for investors who back risky ventures in the hope of big rewards.
Manish Kumar, a former Cognizant Technology analyst and Mumbai Angels member, has been working on Grex for over six months now. "It will be a private placement platform for high growth startups. It will improve investor liquidity in India by giving them open exit options," said the 35-year-old, who is trying to raise about Rs 10 crore to get the platform started.
"It will also encourage public to participate in growth of startups," he said. Read more »
