OurCrowd teams with India's Reliance Capital

Jon Medved Photo PR

India has around 2% of the world’s millionaires and 5% of world’s billionaires.

Israeli equity crowdsourcing fund OurCrowd has signed a strategic collaboration agreement with Indian wealth management company Reliance Private Client. This agreement will allow Indian investors to access overseas venture capital funds on the OurCrowd Platform and to invest in Israel's dynamic startup ecosystem.

This latest collaboration follows hard on the heels of a similar agreement signed by Jerusalem-based OurCrowd earlier this week with The National Australia Bank (NAB).

Under the terms of the cooperation, Reliance Private Client will offer its accredited clientele to OurCrowd’s unique startup investment products and fund offerings. Indian investors will have the opportunity to invest via the platform in OurCrowd’s broad range of offerings, including funds OurCrowd Qure: Israel’s First Digital Health Fund and the OC50 Portfolio Index fund.

OurCrowd CEO Jon Medved said, “Historically, the greatest challenge for global investors has been access to high quality global alternate asset class investment opportunities, especially into early and growth stage companies based out of mature startup ecosystems such as Israel and Silicon Valley."

He added, “This new deal structure will provide Indian investors access to quality VC deals through a trusted partner such as Reliance Private Client. "

India is home to the fourth largest population of high net worth investors in the Asia Pacific region, with total wealth approaching one trillion dollars. At present, India has around 2% of the world’s millionaires (13.6 million) and 5% of world’s billionaires (2,024). Between 2015 and 2016, the country has witnessed a 12% increase in high net worth investors and this is expected to grow at 150% over the next decade.

“OurCrowd's strategic growth plans in Asia have been further reinforced with this valuable collaboration with Reliance Private Client in India. It will also provide greater impetus to the growing economic opportunities between Israel and India, and help nurture fruitful interactions between the two startup ecosystems,” said Elias Ghosalkar, Director of Corporate Development, OurCrowd.

Reliance Private Client Country Business Head Amrita Farmahan said: “We are excited to bring our clients this unique opportunity to access high quality and curated portfolios of deep technology enabled startups via OurCrowd’s disruptive private equity platform. In addition to providing viable investment opportunities in these important alternate assets, we will connect the Indian investors to the global startup ecosystem via OurCrowd.”

Published by Globes [online], Israel business news - www.globes-online.com - on June 7, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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Jon Medved Photo PR
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