Altius Investech betting big on startup ecosystem

Kolkata: Kolkata-headquartered Altius Investech, India's leading platform for investing in pre-IPO & private equity (PE), is betting big on the India's start-up ecosystem and seems well set to enable investors to trade in unlisted, pre-IPO and ESOP- digitally and seamlessly. With this in view, the company is in the process of investing heavily in technology and opening offices in various cities across the country and abroad.

The company has raised Rs 6 crore at post money enterprise value of Rs 51 crore from marquee investors, professionals and close associates. The fresh funds flow will also increase company's working capital, top officials said.

"India startup ecosystem is at an inflection point with more than 10 startups already in the process of an IPO and the next 100 in pipeline. Our platform will serve as a sounding board for companies to get investors in the secondary space, giving exits to ESOP holders and angel investors. A solution to the illiquidity issue will help in grow the angel investment ecosystem rapidly," said Abhishek Ginodia, Director, Altius.

The company is looking at leveraging technology to solve current challenges in investing in private shares, larger of them being liquidity and counter party risk. "The company is in the process to launch a comprehensive State-of the art industry leading website, which will enable investors to trade in unlisted, Pre IPO, ESOP digitally and seamlessly," said Ginodia.

The company has also lined up plans to scale B2B transactions, by rolling out a dedicated partner portal which would make onboarding new clients for its partners effortless. With all these plans in place, the company expects to end H1 2021 at a minimum growth of 100 per cent on topline & bottomline.

Sandip Ginodia, CEO & Founder at Altius Investech, on his parts, said, "we'll hit an EV of Rs 1,000 crore 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. Altius remains a preferred partner for the top wealth management firms in India, we plan to leverage this going forward as well."

"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. NRI and Expats as well as marquee investors contribute nearly 40 per cent of our turnover," said the founder-CEO.