Not just discount brokers, 5paisa.com will be a digital fina

Not just discount brokers, 5paisa.com will be a digital financial platform: CEO


Not just discount brokers, 5paisa.com will be a digital financial platform: CEO
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Last Updated: Apr 15, 2021, 04:12 PM IST
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Synopsis
5paisa.com raising Rs 250 crore, of which Rs 190 crore will come from Ward Ferry, Fairfax and Rimco India via preferential allotment and Rs 60 crore will be raised by promoters via warrants. After a Rs 250-cr fund raise, 5paise intends to be among the top two-three players in this field.
ETMarkets.com
Prakarsh Gagdani, CEO,
You have struck an extremely interesting deal in the technology-backed broking space. 5paisa is getting investments from marquee investors like Ward Ferry and Fairfax. I gather even promoters are putting money in the form of warrants?

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