Kogta Financial raises its first PE investment from IIFL Seed Ventures Fund I
Author(s): City Air NewsEquirus Capital acted as exclusive advisors to KFL for the fund raising Mumbai, October 24, 2016: Kogta Financial (India) Ltd. (“KFL”), a Non-Banking Financial Company engaged in asset financing activity, today...
cityairnews
Oct 24, 2016 12:30
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Equirus Capital acted as exclusive advisors to KFL for the fund raising
Mumbai, October 24, 2016: Kogta Financial (India) Ltd. (“KFL”), a Non-Banking Financial Company engaged in asset financing activity, today announced its first PE investment from IIFL Seed Ventures Fund I. Equirus Capital acted as exclusive advisors to KFL for the fund raising.
Commenting on the transaction, Arun Kogta, Managing Director - KFL, said “We are happy to have IIFL Seed Venture Fund I as esteemed investors on board and believe that their immense experience will act as a major catalyst in accelerating our growth plans going forward. KFLis on a rapid growth track and we are confident that this investment will bring significant value add to the Company.”
Prashasta Seth, CEO, IIFL Seed Venture Fund I said “We are excited about partnering with KFL as it embark on a growth journey. We believe that KFL has a strong team, robust processes and commendable execution track record. With this partnership and the infusion of capital KFL is perfectly positioned to capture the immense opportunity presented by the NBFC sector”.
Ajit Deshmukh, Managing Director and Head – Investment Banking at Equirus Capital said “We believe KFL has built a fundamentally strong business and such investment is the further testimony to the growing interest by PE players in the Non-Bank space”.
