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July 20, Friday 2018 8:48 AM       

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       BUSINESS Next Article: Cong targets PM over fall in value of Rupee  
       Grex Alternative Investments Market looks to raise $100 mln
 
         Posted on :02:02:54 Jul 10, 2018
   
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       Last edited on:02:02:54 Jul 10, 2018
         Tags: Grex Alternative Investments Market looks to
 
Mumbai: 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 and are all ready to help them raise growth capital. The company plans to raise around USD 100 million and is looking at registering 5,000 unlisted MSMEs and startup companies on our platform by this year end," Grex chief executive officer Manish Kumar told PTI here.
 
The company helps in bridging the gap between early stage to mid-scale companies to potential investors and other ecosystem partners and opening applications from interested companies to apply for its first batch. The last date of application of first batch is July 31.
 
The companies can be from any domain - provided that they have done proof of concept and should be in early revenues stage. Grex would then be short-listing companies for its first cohort and facilitating their fund raised through giving them access to potential investors and other ecosystem partners.
 
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       BUSINESS
Next Article: Cong targets PM over fall in value of Rupee
 
 
BUSINESS HEADLINES
Sensex slides 146 pts on profit-booking, political developments  
India prepared to impose 'safeguards' if steel imports rise: government source  
Nickel falls on lower demand  
May announces new 2 bn pounds UK-Italian fighter jet project  
Infosys shares soar 6% after Q1 earnings  
Rupee slips 6 paise against US dollar  
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar  
India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
India to be $10 trillion economy by 2030: Garg  
Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
Grex Alternative Investments Market looks to raise $100 mln  
Cong targets PM over fall in value of Rupee  
Set up central agency to evaluate big loan proposals: ICAI  
 
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