Orbis Financial Raises Rs 102 Crore in Funding Led by Ashish Kacholia
- ByStartupStory | December 15, 2023
Orbis Financial Corporation, a key player in India’s Custody Industry, has secured Rs 102 crore in funding, with existing investor Ashish Kacholia leading the investment round. This comes after Orbis had previously raised Rs 111 crore from Ashish Kacholia and undisclosed investors.
The funds raised are earmarked for strengthening Orbis Financial Corporation’s position in the financial securities market. Established in 2009, the company offers professional services and solutions to a diverse clientele, including Foreign Portfolio Investors (FPIs), insurance companies, and high-net-worth individuals. The deal was advised by Derivative Saint.
Orbis Financial Corporation has earned recognition for its commitment to simplicity, trust, and on-the-go client support, solidifying its status as a reputable player in India’s Custody Industry. The company provides an extensive range of security services tailored to meet the needs of different investor categories.
Ashish Kacholia, the driving force behind this latest investment, boasts a net worth exceeding Rs 2,700 crore. Widely regarded as one of India’s premier investors, Kacholia began his journey with Prime Securities and later joined Edelweiss before founding his own broking firm, Lucky Securities, in 1995. His entrepreneurial spirit led him to co-found Hungama Digital with Rakesh Jhunjhunwala in 1999, and since 2003, he has been actively building his diverse investment portfolio.
The infusion of funds from this latest round underscores the confidence of investors in Orbis Financial Corporation’s growth trajectory and its strategic positioning within the financial securities market.
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