Orbis Financial Corporation, a prominent participant in India's Custody Industry, has successfully garnered Rs 102 crore in funding, with the primary investment in this round being led by existing investor Ashish Kacholia. This follows Orbis' earlier fundraising of Rs 111 crore from Ashish Kacholia and undisclosed investors.

The funds raised are earmarked for strengthening Orbis Financial Corporation’s position in the financial securities market. Established in 2009, the company offers professional services and solutions to a diverse clientele, including Foreign Portfolio Investors (FPIs), insurance companies, and high-net-worth individuals. The deal was advised by Derivative Saint.

Acknowledged for its dedication to simplicity, trust, and responsive client assistance, Orbis Financial Corporation has established itself as a respected entity in India's Custody Industry. The company delivers a comprehensive array of security services customized to cater to the diverse requirements of various investor segments.

Ashish Kacholia, the driving force behind this latest investment, boasts a net worth exceeding Rs 2,700 crore. Widely regarded as one of India’s premier investors, Kacholia began his journey with Prime Securities and later joined Edelweiss before founding his own broking firm, Lucky Securities, in 1995. His entrepreneurial spirit led him to co-found Hungama Digital with Rakesh Jhunjhunwala in 1999, and since 2003, he has been actively building his diverse investment portfolio. The injection of capital in this recent round highlights investors' confidence in Orbis Financial Corporation's expansion path and its strategic positioning in the financial securities market.