Florintree Advisors acquires minority stake in Cybrilla
- ByStartupStory | December 22, 2022
Florintree Advisors, led by former Blackstone India CEO Mathew Cyriac, has invested approximately $2 million ($16.5 million) in Cybrilla Technologies Pvt. Ltd which provides fintech infrastructure to mutual fund distributors and asset management firms.
Cybrilla will primarily use the funds to expand its product line, hire more tech staff, and acquire new customers. The fintech has now raised a total of Rs. 20 crore in its Seed round, according to Satish Perala, the company’s CEO.
Bhalchandra Joshi, who was earlier chief operations officer at White Oak Capital, also invested Rs. 2 crore and joined Cybrilla as head of global strategy and operations.
According to reports, “The investment from trusted industry leaders like Mathew Cyriac and Bhalchandra Joshi is proof that with the right partners, we are poised to lead in providing low-cost, high-performance modular infra for global asset management and distribution,” Perala said. Cybrilla is also in talks with a few strategic investors to raise more capital, he added.
Florintree Advisors Private Limited is a company that offers investment management services. The firm provides risk management, research methodology, and hedge funds, as well as investing in small and medium-sized businesses. Florintree Advisors has a presence in India. It was founded in 2014.
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