Two companies raise funds on GREX
SolarTown Energy Solution and Comarete Technologies cumulatively raise INR 14.1 million
May 4, 2016, Mumbai: In line with its ideology of need based fund raising, GREX, a seamlessly integrated exchange like platform for unlisted companies, has successfully facilitated capital raising for SolarTown Energy Solution and Comarete Technologies on its transaction platform. The two companies together raised INR 14.1 million and plans to raise further capital on GREX platform soon.
Tushar Patil, Co-Founder Comarete said: “The convergence of telecoms and IT has opened the door of significant B2B activity in Information and Communication Technology industry which we would not like to miss. The funds raised will be used for building solution based on Internet of Everything (IoE) and we are satisfied with the amount raised in a very short span of time through GREX.”
Co-Founder of GREX and Director – Operations, Surojit Nandy, said “Since inception, we have always believed that companies should always raise funds based on their needs. This not only protect companies from equity dilution at one go but also offers different set of investors to invest in such unique companies.”
“We are delighted to facilitate SolarTown and Comarete Technologies in their fund raising and look forward to change in fund raising activity within the unlisted and startup ecosystem,” he further added.
