Exhilway to Introduce P2P Lending in India, Plans to Invest US $500 Million

NEW DELHI, May 26, 2014 /PRNewswire/ --

Exhilway, the leading emerging markets private equity fund, is announcing a major spreading out into the peer to peer (P2P) lending segment in India. P2P lending is a growing but majorly uncharted business segment in India.

Exhilway will focus on lending to the companies which will involve both emerging and evolved entrepreneurs. P2P lending in India is still in the embryonic stage and is to a large extent restricted to the rural micro financing which does not electrify a majority of foreign investors.

"Mainstream businesses in India do not have access to instantaneous capital. Banks have their own composite red tape and a private equity transaction takes ages to complete. This is an enormous opportunity for us to lend a helping hand to the burgeoning businesses and create value for our investors. With our four decades of investment familiarity, we are confident of efficiently managing the P2P transactions," said Rahul Kumar, Country Head & Director of Investments for Exhilway India.

Exhilway with over 40 years of know-how in the financial industry and over 12 years of understanding in India has initiated its fund raising discussion with the investors.

The officials of Exhilway in India will meet Narendra Modi, the Prime Minister Designate early next month. Exhilway which is overwhelmed with Narendra Modi's exceptional strategies has become the first private equity fund to officially announce its investment plans for India. Exhilway has also assured some big ticket investment plans which they may announce early next week.

Exhilway rather than managing multiple investors will float a fund which will invest into the P2P lending opportunities in India. Exhilway will partner reputable non banking finance company (NBFC) in India to execute the anticipated venture.

Exhilway will assure 12% per annum to the investors in the fund backed with a complete capital protection. Exhilway will physically verify the credentials of the borrower before lending money; hence investors will have absolute faith into the fund. The borrowers may however pay 14-16% interest annually. The fund will not charge any management fee to its investors and will have an investment tenure of 5 years.

"Private loan market is complex. In India borrowers are paying over 2-3% monthly, Exhilway plans to enter into this US $90 billion unorganized market and develop a considerable market share," said Joy Ghosh, Director of India Operations at Exhilway.

Media Contact: David Jones, [email protected], +91-120-4804938, Exhilway Global