Red Ribbon, Mehta Fincon to raise funds for startups

Red Ribbon Advisory Services, part of UK-based Red Ribbon Asset Management, has partnered with Mehta Fincon Services to raise funds for startups.
"Mehta Fincon will help raise money for Red Ribbon's upcoming startup projects from south Gujarat," the company said in a statement.
Red Ribbon promotes scalable projects that are incubated by investing its own capital in specifically chosen projects that meet their stringent selection criteria for incubation.
"Through this partnership, we expect to build investor base for our upcoming projects such as Modulex and Eco Hotels. We would be happy to partner with investors from Gujarat in this unique investment opportunity," Red Ribbon Advisory Services Chief Executive Aditya Kanoria said.

Modulex offers flexible and tailored modular buildings, while Eco Hotels plans to create 10,000 rooms in 10 years.