SCOPE obtains license in US, raises $90 mn
Will offer comprehensive asset management services to a diverse portfolio of clients, including institutional investors, HNIs and family offices in US markets
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New Delhi: Invite-only platform for startups, SCOPE on Tuesday announced that it had acquired an Asset Management License in the US and also secured over $90 million to bolster its asset management arm.
According to the company, this milestone marks a strategic expansion of SCOPE’s investment capabilities, allowing it to manage assets directly and broaden its influence in the US market. In addition, the fresh fund will be used to drive the firm’s investment strategies and enable it to support a wider array of innovative startups.
“This milestone not only enhances our investment capabilities but also strengthens our commitment to supporting innovative startups in key sectors like fintech and gaming,” AppallaSaikiran, Founder & CEO, SCOPE, said in a statement.
