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Nisus Fincorp invests $2.5 lakh in ClayWorks Spaces

Business Finance

Press Trust of India  |  Mumbai 

Nisus Fincorp, the non-banking financial arm of private equity fund manager Nisus Finance, today said it has made its maiden investment of USD 2.5 lakh in coworking startup ClayWorks Spaces Technologies.

"The USD 2.5-lakh investment is a part of our strategy to back high-growth startups and early-stage firms through our new NBFC. Our endeavour is to bridge their cash flow mis-matches through our capital engagement," said Amit Goenka, managing director and chief executive officer, Nisus Finance.

The Bengaluru-based startup plans to utilise the funds to operationalise its new boutique shared office space in Bengaluru and expanding into two new centres, he said.

******************* Arrivae to invest Rs 50 cr in 2 yrs to set up 200 stores *

End-to-end interior design firm Arrivae today said it is planning to invest Rs 50 crore in the next two years to expand its franchise network to 200 stores.

The expansion is in partnership with tile company Prism Johnson, the company said in a release.

Arrivae is launching six stores across Mumbai, Chennai, Cochin, Bangalore and Delhi in the first phase of its franchise network launch, through which it expects to build a business equivalent of Rs 200 crore, the release added.

******************* ItzEazy, Bikes4sale tie up for RTO service for used bikes *, a govtech startup making government documentation easier for Indians, has entered into a strategic partnership with Bangalore-based startup to make RTO services for used bikes easier.

The alliance will lead to better RTO services for used bikes thereby making post-sales ownership transfer services smooth, a release said today.

The service will initially be offered in 10 metro cities, including Bangalore, New Delhi, and Mumbai.

Through this partnership, the customers of bikes4sale will get hassle-free experience in the RTO process, while ItzEazy will have access to the customers of Bikes4sale, the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, July 03 2018. 17:30 IST