Asset management firm, Exhilway Global, has invested $4 Mn i.e. Rs25 Cr in IndiDebt.com, a yet to be launched debt funding platform. The platform will allow Indian companies to directly raise debt from the foreign accredited and non-accredited investors via issuance of convertible debt bonds.
The platform which is expected to go live next month, will help the Indian companies to raise INR 1-1000 Cr ($170,000 – $170 Mn) without investing much of its resources in finding the right investors.