11-09-2021 01:56 PM | Source: PR Agency
Kristal.AI launched more than 15 pre-IPO deals in a year
News By Tags | #442 #6963

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Mumbai, November 09, 2021: Indian accredited investors have shown a significant increase in the interest to invest in pre-IPO technology companies, reported Kristal.AI, a digital-first global private wealth management platform. In the last three quarters, Kristal Private Markets’ AUM reached $25M from Pre IPO deals, witnessing a 14X growth.

Since its launch in late 2020, the Kristal Private Markets (KPM) offering has facilitated investment in over 15 private market deals across market leaders like NSE as well as new-age, high conviction businesses like Byju’s, Udemy, Dunzo and Stockal. KPM has provided access to deals in sectors such as Stock Exchange, EdTech, FinTech, Crypto-exchange, FoodTech, and Neobanking.

With the recent blockbuster IPO of food delivery giant, Zomato and many upcoming IPOs of companies like Paytm, Mobikwik, Delhivery, Nykaa, the demand for pre-IPO investment opportunities has increased significantly.

Mr. Asheesh Chanda, Founder and CEO, Kristal.AI, said, “With strong economic recovery and a robust growth in start-up funding, accredited investors now want to increase their participation in the pre-ipo investment space. At Kristal.AI, we try to make such unique opportunities accessible to the affluent investors by identifying lucrative Pre-IPO deals, conducting our due diligence, and then negotiating attractive prices for our investors.”

On the global front, VC investments in private markets have reached over US $280B in just the first two quarters of 2021, already surpassing the total VC funding raised in all of 2020. This has piqued the interest of the accredited investors from India, Hong Kong, Singapore, and UAE to explore the relatively untapped multi-bagger startup models via Pre-IPO deals.

Mr. Manmohan Mall, who heads Kristal Private Markets, said, “With more than 60,000 technology centric start-up companies in the US alone, access to and curation of the investments in this space is critical. This is where Kristal Private Markets makes a significant difference by bringing in the right investment opportunity to our clients in a timely manner. We aim to be the go-to platform for investors looking to access or raise liquidity around investments in unlisted companies, early stage to pre-IPO.”

Kristal.AI has built a network of founders, senior employees, early investors, venture capitalists and global funds ensuring a flow of unique, marquee deals for its investors in both developing and developed markets across the globe. The valuation of these startups is generally over US $500 million, giving a good growth opportunity to the investors. Typical minimum investment amount is around US $25K.

Kristal.AI conducts its due diligence on all the deals listed on its platform. All assets undergo a pricing approval process to ensure that the deals are launched at a fair value for the investors.

Kristal.AI crossed a major milestone having acquired over SGD 500 million as assets under management in October, 2021. The platform witnessed 5X annual growth in its AUM, since its launch in 2016.

 

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