Altius Investech raises Rs 6 crore in seed round

Kolkata-based fintech startup Altius Investech on September 1 announced that it has raised Rs 6 crore at post money enterprise value of Rs 51 crore.

The firm added that the investment was raised from close associates, professionals and marquee investors. With this, the firm is mulling to invest in technology, increase working capital and open offices in various cities in India and abroad.

Altius, leading platform for investing in pre-IPO & private equity, enables investments into pre IPO companies and tech unicorns looking to go public. Apart from this, the firm is also a start up accredited by DPIIT.

"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," Altius director Abhishek Ginodia said.

Altius Investech founder Sandip Ginodia, meanwhile, is hoping that the firm will 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.

Among other things, Altius Investech said that they are planning to scale B2B transactions, by rolling out a dedicated partner portal which would make onboarding new clients for our partners effortless. The firm expects to end H1 2021 at a minimum growth of 100 percent on topline & bottomline.