It will focus on its global mobility space in close partnership with Farro Capital across key growth markets in India, China, the Middle East, and Southeast Asia
Farro Ventures, the parent company of Singapore-based multi-family office Farro Capital, has announced its new subsidiary called 'Farro and Co'.
The company intends to focus on its global mobility space in close partnership with Farro Capital across key growth markets in India, China, the Middle East, and Southeast Asia. It has adopted a new strategy of bringing together mobility and wealth solutions under one umbrella to give its clients a complete picture of the opportunities and risks of their migration decisions through a multi-generational lens.
Farro & Co's founder and CEO Nirbhay Handa said, "With the surge in demand for mobility solutions and the growing recognition of their benefits, especially within the context of India's thriving global diaspora, which stands as the largest in the world, the intricate nature of today's immigration landscape is often underestimated or misunderstood."
He added that the company plans to challenge the existing market offerings by amalgamating its advisory capabilities that empower clients. This includes those with ties to India, to establish a global legacy with absolute clarity. "Our team believes that without a comprehensive understanding of the potential wealth implications of immigration strategies for families, current firms fall short in addressing the sophisticated needs of today's clients," he added.
Farro Capital is a multi-family office and holistic wealth management platform founded in 2022. We bring together a team of industry-leading specialists in wealth management, investment management, investment banking, legal, international tax planning, single and multi-family offices, and hedge funds.
Headquartered in Singapore and licensed by the MAS, Farro Capital has more than $1 billion in assets under management since our soft launch at the end of 2022. Its reach extends across 12 markets, across four continents, serving clients with the highest level of expertise and service.
WOLP Fund 2 was launched in March and aims to raise a corpus of Rs 2,000 crore, including a green-shoe option of Rs 1,000 crore
Ripplr had earlier raised $12 million in a funding round with a mix of equity and debt from Japanese firm Sojitz Corporation and Stride Ventures in December 2021
The company has said to utilise the funds to increase fleet size, expand to new geographies and enhance technology