Speaking on the partnership, Aditya Kanoria, CEO, Red Ribbon Advisory Services, said “Orbis is a wholly dedicated custodial services player with an excellent reach within domestic and international investors. We are confident that this partnership will help us tap newer geographies and build a solid investor base for our on-going and future projects as well.”
This partnership will assist Red Ribbon to tap the vastly unexplored Non-Resident Indians (NRIs) market seeking an opportunity to invest in Indian start-up space. Orbis will be responsible for end-to-end transaction and settlement of funds making it easier for NRIs to carry out investment on the Indian soil.
Commenting on association, Jayakumar S Babu, CEO, Orbis, said, “The partnership with Red Ribbon will help us expand our services beyond the listed securities. Additionally the customers will also benefit through safe, secure and transparent investment, making it a win- win situation for all the parties. We are extremely excited about this tie-up and hope to share a mutually beneficial and a long lasting relationship with Red Ribbon.”
Red Ribbon promotes scalable projects that are incubated by investing its own capital in specifically chosen projects that meet their stringent selection criteria for incubation. Once a project is launched, an industry leader from the relevant sector is appointed as CEO to head the project and deliver the growth plan. The project is further developed and made Finance Ready by crossing key gestation milestones, which significantly reduces risk profile for the investor.
