Hyderabad: GREX, India’s first stock
exchange for unlisted companies, has started its promotional activities in Hyderabad
in association with Hyderabad Chapter of The Indus Entrepreneurs (TiE) and The
Entrepreneur Zone (TEZ), Hyderabad. With its head office located in Pune, GREX
aims to help start-up companies in attracting investors. It also helps public
to participate in the growth of start-ups.
On last Saturday, GREX has organized a promotional
event in the auditorium of The School of Management Studies, University of
Hyderabad, Gachibowli, Hyderabad. The main aim of the event is to bring
together entrepreneurs and investors from different fields. GREX wants to expand
the entrepreneurship culture by improving the liquidity and transparency.
The event was presided over by Safir Adeni,
President, TiE Hyderabad and Managing Director, InedaVenture Group where he elaborated the need for this
platform, benefits to start-ups and investors and the criticality of such
platforms for fostering entrepreneurship. He expressed his delight to introduce
the new generation exchange like platform which is democratizing start-up
funding.
He further added, “We are positive that such
platforms as GREX will further enhance our ecosystem in terms of bringing forth
outstanding ideas and help achieve collective progress in creating highly
successful start-ups in the country.”
Speaking on the occasion, Dr Nandita Sethi,
Director TEZ, has expressed her views that exchange platform like GREX will
create a huge potential for students on campuses, who have great ideas and
entrepreneurial aspirations, to aggressively undertake entrepreneurial
activity, as start-up funding is a major issue for them.
Addressing the meeting, Mr. Manish Kumar, Founder
cum CEO, GREX, said "GREX is designed to be an integrated platform not
only for capital needs but also naturally provides visibility and access to companies.
There is substantial latent appetite for these high growth companies as
investment opportunity among private investors. For this market to be vibrant,
it needs information sharing, transparency and ease of doing transactions. We
therefore, worked with various capital market infrastructure players to
develop a system that integrates the entire capital market ecosystem into one”.
Prof V. Venkata Ramanna, Coordinator, Technology
Business Incubator (TBI) at the UoH, expressed his joy over the overwhelming
response the event has received from entrepreneurs, SEMs, and Investors.
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By S. Chandrashekara Reddy, M.Tech.
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