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.
The portal will work much like a peer-to-peer (P2P) lending, but will be managed directly by Exhilway Global without much meddling from the investors. It will allow investments from a minimum of $500 to the maximum of $200,000 on the platform per investor.
Related Article: Venture Debt: Knight In Shining Armour For Indian Startups
The investment deals will be directly sourced by Exhilway Global from the open markets and the companies with sound assets or business ideas will be eligible for the fund raising on the platform. Also, it will also take care that investors of principal security and payment of agreed interest rate along with the timely exit from the investments.
As per the company, IndiDebt.com will cater to a maximum of 5 clients per year, irrespective of their business sector and ticket size.
IndiDebt is the Brain child of Narayan Sen, who over the investment said, “We are delighted to be funded by Exhilway. Our idea was well supported and we will continue to develop cutting-edge technologies to support the growth of IndiDebt.com.”
The Asian arm of Exhilway Global will also launch an alternative trading platform called ExhilwayLink.com, inviting investors and the companies from around the globe. ExhilwayLink.com will also extend services to other private equity players looking for an exit in their portfolio companies.