Grip Invest, the trailblazing direct-to-consumer (D2C) high-yield investment platform catering to retail investors, has successfully raised $10 million (INR 82 Cr.) in a Series B funding round. The funding comprises $8.5 million (INR 70 Cr.) through fresh equity and convertible notes and an additional $1.5 million (INR 12 Cr.) in venture debt. Leading the investment is Stride Ventures, with participation from new backers LC Nueva and Multiply Ventures. Existing supporters, Venture Highway, Anicut Capital, and AdvantEdge, also joined the round, endorsing Grip’s commitment to democratizing access to investment opportunities.
Strategic Allocation of Capital for Business Scaling
The capital infusion will be strategically directed towards scaling business operations, intensifying customer awareness, establishing a high-trust brand, expanding product distribution, and introducing investor-friendly features on Grip’s tech platform.
Nikhil Aggarwal, CEO, and Founder of Grip Invest expressed, “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.”
Riding on Key Megatrends for Growth
Grip Invest identifies key megatrends propelling its growth, including a shift in wealth management behavior towards digital-hybrid platforms, the expanding segment of affluent Indians seeking attractive risk-reward propositions, and increased investor confidence due to positive SEBI regulations. Positioned at the forefront, Grip Invest has facilitated over INR 800 Cr. in investments and aims to capitalize on these trends.
Investors commended the company’s regulatory achievements, including obtaining SEBI’s OBPP license and integration with the National Stock Exchange (NSE). Grip Invest’s constant product innovation, launching unique regulated investment products starting at just INR 1,000, has resonated well with investors.
Stride Ventures Commits to Grip Invest’s Vision
Mr. Ishpreet Gandhi, Founding and Managing Partner at Stride Ventures, commented, “Stride Ventures recognizes the potential in Grip Invest’s mission to democratize wealth creation in India. Their innovative approach in offering non-market linked investment opportunities, previously exclusive to a few, aligns with the macro vision of an inclusive financial future for India. Our participation in the Series B round is a strategic move, driven by Grip’s promising growth trajectory and the clear demand for diversified investment options in India. We are investing in the future of financial services, and are committed to catalyzing Grip Invest’s rise as a key player in the industry.”
Venture Highway’s Continued Support
Ms. Priya Mohan, General Partner at Venture Highway said, “Venture Highway is thrilled to continue to partner with Grip! We deeply appreciate that Nikhil & the CXO team have always focused on building a foundationally strong & regulatory-compliance focused business from day 1 and continue to do so. We believe that the wealth-tech industry, especially for “product focused players” such as Grip, is on a strong trajectory given growing disposable income, recent favorable regulatory milestones and increasing customers’ interest in expanding their portfolio & return profile. We look forward to continued collaboration with Grip and are excited for the future that this funding round unlocks.”
Over the past 18 months, Grip Invest has achieved notable milestones, including listing India’s first alternative investment instrument on the NSE, launching three first-to-market products, and being the first platform to fully integrate with the NSE under SEBI’s OBPP license. The new capital will empower Grip Invest to enhance its investment products and features, making transactions more convenient, transparent, and secure for investors.
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