Exhilway Indian Venture Capital Arm To Raise US $1 Bn
Exhilway Private Capital Market will raise close to US $1 bn this year to fund its 50 portfolio companies.
- (1888PressRelease) May 07, 2013 - Exhilway Private Capital Market, India's one of the largest growing venture capital company will raise US $1 billion or little close to INR 5,000 crore this year from the open market to fund its over 50 portfolio companies lined up for funding this year. The amount will be raised via different class of products varying from private equity fund to the debt products like fully convertible debentures (FCDs), non convertible debentures (NCDs) and optionally fully convertible debentures (OFCDs).
The move came at the point where investors are moving to the secured asset class fetching guaranteed returns instead of equity linked riskier investments. EPCM which is bullish on India is building up its network for getting high quality portfolio companies to the finalization of domestic and international distributors for distributing its innovative investment products it to the right investor class.
"At EPCM the highest standard of professionalism is followed, we believe in finding the companies who deserve to kickstart their business and attain the highest position in the business arena," said Joy Ghosh, Independent India Business Development Head, EPCM.
EPCM who has listed over 20 companies on its platform has created a notional wealth of over US $600 million or INR 2,700 crore for its portfolio companies one of the highest in the industry.
EPCM will invest close to US $2 million or INR 10 crore in its IT infrastructure and will set up a stock market like secondary market which will provide private companies a live access to the money markets.
"EPCM has a unique business model which the Indian market is adopting to. The strength of the company vests in its desire to create a bigger better market for the SME's," said Ashok Ostwal, official partner of EPCM in Bangalore.
EPCM will hire close to 50 people this year to strengthen its dominance in the Indian market.
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