Orbis Financial Corporation raises Rs 102 crore from ace investor Ashish Kacholia

Orbis Financial Corporation has raised Rs 102 crore in funding led by the existing investor Ashish Kacholia. Prior to this, Orbis raised Rs 111 crore from Ashish Kacholia and other undisclosed investors.

According to the PTI report, the funds raised will be used to strengthen its position in the financial securities market. Established in 2009, The company provides professional services, and other solutions to investors. Derivative Saint was the sole advisor to the deal.

It provides a wide array of security services to different investors like FPIs, insurance companies, and high-net-worth individuals. Orbis said it has built a reputation based on simplicity, trust and on-the-go client support as an established player in India’s Custody Industry.

Who is Ashish Kacholia?

With a net worth of over Rs 2,700 crore, Ashish Kacholia is one of India's ace investors who started out with Prime Securities and later joined Edelweiss before incorporating his own broking firm, Lucky Securities, in 1995.  He co-founded Hungama Digital with Rakesh Jhunjhunwala in 1999 and started building his own portfolio from 2003.

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