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Tuesday, Sep 21, 2021
Outlook.com
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ProfitBoard Ventures to infuse USD 100 million into startups through consortium

ProfitBoard Ventures to infuse USD 100 million into startups through consortium
outlookindia.com
1970-01-01T05:30:00+0530
Bengaluru, Oct 20 (PTI) Taxmantra Global (TMG) has

announced the launch of its standalone investment banking arm

and private investment arm, ProfitBoard Ventures, to back

technology enabled startups in India and South East Asia.

Headquartered in Singapore,ProfitBoard

Ventureswould assist early and growth stage startups in

fundraising through its consortium of investors, TMG said in a

statement.

It has already onboarded a consortium of global

investors to inject USD 100 million funding into selected

startups in the next 18 months, it said.

Our medium term three-year goal is to nurture 100

-plus startups from India and Southeast Asia,said Alok

Patnia, the Managing Partner of ProfitBoard Ventures.

TMG has assisted in 100-plus deals in the last three

years translating to about USD 180 million funding in its

existing portfolio of startups, according to the statement.

Founded in 1983, TMG provides advisory, tax and

regulatory services to global businesses with delivery centres

in Singapore, New York, San Francisco, Los Angeles, Bengaluru,

Mumbai, Kolkata, and Delhi, it was stated.

PTI RS

ROH ROH


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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