Grex raises Rs 4 crore to strengthen technology

grexGREX, an alternative investments platform for start-ups and unlisted companies, has raised Rs 4 crore from private equity investors.

The first round of funding will be utilised to strengthen GREX’s IT backbone and introduce new financial products and features on its transaction and information sharing platform for unlisted companies.

“GREX’s intention is to ensure we build a participative ecosystem and bring down the cost of capital for the companies,” Manish Kumar, founder & CEO, GREX said in a press statement.

Over 200 start-ups across India and over 150 investors have begun their registration on the platform.

GREX is building seamlessly integrated exchange-like platform and its associated ecosystem of participants to bring together private eligible Investors and high growth Unlisted Companies for information Exchange and Securities Transactions.

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