Alpha Alternatives raises Rs 130 crore in 2nd round of funding

19 Sep 2022 , 12:47 PM

The second round of investment for Mumbai-based Alpha Alternatives raised Rs130 crore, valuing the company at almost $200 million.

The company said in a statement that the current round of financing included several of the current investors as well as several new prominent family offices.

By selling minority ownership to a number of investors, Alpha was able to raise Rs115 crore in its first round of funding in 2020.

According to Naresh Kothari, managing partner at Alpha Alternatives, who told ET, the money will be used to extend the company’s operations across asset classes.

Alpha Alternatives, a renowned platform for managing alternative assets across many asset classes, was founded in 2013. The organization employs a variety of strategies, including fixed income, value and quant-driven equities, commodities, credit, and absolute-return strategies.

Naresh Kothari, a co-founder of the business, previously worked with Edelweiss.

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