Grip Invest, a Delhi, India-based provider of a D2C, investor-first, SEBI regulated, digital investment platform, raised $10m in Series B funding.
Backers included Stride Ventures, LC Nueva, Multiply Ventures and existing investors like Venture Highway, Anicut Capital and AdvantEdge.
The company intends to use the funds to shape product development and distribution, enhance consumer reach, help build a brand and tech-capabilities.
Co-founded by Aashish Jindal, Nikhil Aggarwal, Vivek Gulati, Grip Invest is a D2C, investor-first, SEBI regulated, digital investment platform whose mission is to enable Indians to invest in regulated, curated, diversified opportunities offering attractive, predictable returns. The company holds a SEBI OBPP (Online Bond Platform Provider) license and offers listed, credit-rated investment opportunities which are executed through its integration with the NSE. It also operates Grip Fixed Income Opportunities Fund (“GFIO”) a SEBI Category II AIF and has co-founded Electrifi Mobility, a full life-cycle management company for electric vehicles. It has already facilitated INR 800+ Cr in investments.
Commenting on the news, Nikhil Aggarwal said: “The infusion of USD 10 Mn, especially in this environment, is a testament to the investor confidence in our business model, growth prospects and team. Stride Ventures is a financial powerhouse that deeply understands alternative investments. We are excited about not just the capital they bring, but also the potential for strategic collaboration. Venture Highway, Anicut Capital and AdvantEdge arrive as third-time investors, and we value their constant support and conviction.”
FinSMEs
15/01/2024