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Red Ribbon Advisory Services (Red Ribbon), part of UK based Red Ribbon Asset Management Pls has partnered with Orbis Financial Corporation Ltd (Orbis) to tap into the NRI real estate market.
This partnership will assist Red Ribbon to tap the 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 in India.
Currently, Red Ribbon has incubated two projects namely Modulex; a full fit-out steel modular buildings and Eco Hotels; world’s first carbon neutral hotel brand. Red Ribbon plans to raise Rs 60 crores collectively, for these two projects.
Aditya Kanoria, CEO, Red Ribbon Advisory Services, said, “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.”
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 investors.
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