Sharekhan gets Rs 144 cr from US co

Online brokerage firm Sharekhan has bagged an investment worth Rs 144 crore from General Atlantic LLC (GA).

Online brokerage firm Sharekhan on Wednesday said it has received an investment worth Rs 144 crore from private equity firm General Atlantic LLC (GA).

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The investment will be through a combination of primary investment in the company and secondary investment to buy the entire shareholding of First Carlyle Ventures (The Carlyle Group), the company said in a release.

Sharekhan would use the proceeds to fund the company's strategic initiatives, it added.

Abhay Havaldar, Managing Director and Sunish Sharma, Vice President, based out of General Atlantic s Mumbai office would be joining Sharekhan's board of directors, it said.