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Grex, capital market-like alternative investment platform for start-ups and unlisted companies, has raised ₹4 crore from private equity investors.
The first round of funding will be used to strengthen the IT backbone and bring in new financial products and features on its transaction and information sharing platform for unlisted companies.
Over 200 start-ups across India and over 150 investors have begun their registration on Grex.
Over eight companies have completed full data disclosure that is required for listing. The platform is expected to go live next month with the first company trigging its capital requirement.
Manish Kumar, Founder and CEO, Grex, said the intention is to build a participative ecosystem and bring down the cost of capital for the companies.
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