International Business Advisors Pvt Ltd (‘IBA’) is pleased to announce that it has successfully helped Mywish Marketplaces Private Limited (MMPL) close its first Institutional round funding of $15 million from Franklin Templeton (FT), a leading global investment management organization.
MyWish Marketplaces had earlier successfully closed its Pre-institutional round in December 2015, an event that saw participation from California-based Sherpalo Ventures, Whatsapp’s global Business Head Neeraj Arora.
MyWish Marketplaces is engaged in aggregating, marketing and facilitating the sale of loan products and credit offerings from banks and financial institutions associated with the Company, wealth management, marketing/distribution of insurance products and investment products. It operates its business through (http://www.deal4loans.com/) for aggregation of loans and through (http://www.bimadeals.com/) for insurance products.
MMPL intends to use these funds to develop intellectual property, build an investment platform and expand the small business loans category.
IBA was the exclusive financial advisor to MMPL in both Pre-Institutional and Institutional rounds of funding. IBA also provided legal advise in both rounds of funding.
With this transaction, IBA has further demonstrated its foothold in startup community as financial and legal advisors for 5 transactions in the startup space during the last one-year. IBA has now advised startup companies primarily operating in the technology sector.
About International Business Advisors Pvt Ltd
IBA is a leading mid-market financial, legal and tax consulting firm in India focused on cross-border M&A, legal, valuations, tax, regulatory and risk advisory services. The company focuses on Startups and Mid-to-Large enterprises and has been in existence for more than 13 years. IBA operates out of its offices in Delhi, Mumbai and Bangalore.