NEW DELHI: Quotient Digital, a digital wealth management fintech,
and Rooftop Urja, which deals in renewable energy, were the two companies that went live on
GREX on Tuesday.
GREX is a private market platform that helps companies access financial products and
provides an ecosystem of intermediaries and other market participants.
"With GREX as a partner, raising capital has been entirely transparent and there has been...
Read more »
Pune-based Grex.in, a platform that helps companies to access multiple financial products, has signed an MoU with AIM Start-up, an initiative of the UAE Ministry of Economy, to provide Indian companies better access to markets in the MENA region and forge meaningful relations with business leaders, investors and international government entities. Launched in 2017, AIM Startup, an initiative of the UAE Ministry of Economy, aims to connect promising start-ups with investors and business partners from all around the world... Read more »
Pune-based private market platform GREX and AIM Startup, an initiative of UAE Government, have signed an MoU, on Thursday, to provide better access for Indian companies to the markets in MENA region (Middle East and North Africa region), and forge meaningful relations with business leaders, investors and international Government entities. Launched in 2017, AIM Startup, an initiative of the UAE Ministry of Economy, aims to connect promising startups with ... Read more »
GREX and UAE government’s AIM Startup on Thursday signed an MoU to provide better access for Indian companies to the markets in MENA region. GREX, which is a private market platform, in association with AIM Startup will conduct several events in various parts of India to create awareness among Indian companies and bring opportunities to expand their footprint in Middle East Shortlisted companies will get a chance to showcase themselves during the AIM Startup Event in 2019, a press statement said. Read more »
Maintaining share record has got a little easier and more reliable, thanks to StockChain, a BlockChain-driven platform. The share registry based on BlockChain formally took off today. The latest to come on board are four companies that decided to commit their registry information to StockChain at an event in the National Stock Exchange in Mumbai... Read more »
After launching StockChain formally at NSE on Wednesday, Manish Kumar, co-founder, GREX said the unlisted companies will benefit from blockchain-driven platform that will keep their share records. Explaining the StockChain framework, Kumar said, “The underlying technology is Hyperledger based technology that we have deployed today. There are host of benefits that accrue from ... Read more »
The company helps in bridging the gap between early stage to mid-scale companies to potential investors and other ecosystem partners Grex Alternative Investments Market, a digital platform for startups and SMEs to raise capital, today said it is looking to raise USD 100 million and register 5,000 MSMEs and startups on its platform by FY19-end. Read more »
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... Read more »
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... Read more »
Speaking on the sidelines of ETMarkets Global Summit 2018, Manish Kumar, Co-Founder, GREX & REALX, says opening up of SMEs and enthusiasm that has really been shown of late in the SMEs is a good indication that this market can be developed and cultivated very well. What role do you think capital market can play when it comes to SMEs? A huge role, actually. If you look at what is happening around, the banks are struggling for many reasons and when the... Read more »
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,
the market will be aware of their credit records, and banks can use that data for their due
diligence... 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. If the costs increase proportionately, the company is NOT scalable. E.g. a typical manufacturing company’s costs will increase as sales increase while in a technology enabled company, the costs will not increase proportionately.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. This is now possible as they have also defined what is a Startup for the
Government recognition sake, thereby, eliminating any largescale...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 ... 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...
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... 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... 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 »
