industry

Entrust Family Office closes 2 deals for Rs 40 crore


NEW DELHI: Bengaluru-based Entrust Family Office has closed two transactions, estimated at Rs 40 crore, in two ventures, last-mile delivery venture Connect India Ecommerce and skin and haircare clinic Sreyas Holistic Remedies.

The advisory firm, which claims to represent a number of prominent entrepreneurs and families with cumulative assets under advice of Rs 8,000 crore, partnered other family offices, whose names were not disclosed, on the two deals. The investment advisory firms also did not disclose on whose behalf it conducted the transactions.

“We have been managing the unlisted portfolios for some clients for the pasts few years and have now ventured into direct investing,” Rajmohan Krishnan, principal founder of Entrus Capital, said in a statement.

“Our experience with these transactions suggests that there is significant interest in unlisted opportunities with HNI and family office investors looking to increase allocations to this asset class in a low-cost, efficient manner,” he added.





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