Investment Tech Platform Grip Invest Raises Funds From Venture Highway, Others

Investment Tech Platform Grip Invest Raises Funds From Venture Highway, Others

SUMMARY

Grip Invest provides a lease finance platform where investors can purchase and lease assets to companies, providing them an additional investment instrument while enabling companies to grow faster by converting capex to opex

So far Grip has facilitated INR 75 Cr in investments with an 80,000+ retail investor community growing 30% month-on-month for the last 12 months

As of December, 2020, more than 400 investment tech startups had been launched

Asset backed investments digital platform Grip Invest announced today that it has raised INR 21 Cr ($3 Mn) in its Series A round led by Venture Highway and Endiya Partners. 

The round also saw participation from AdvantEdge, existing investors Anicut Angel Fund and Gemba Capital, as well as ecosystem angels such as Cube Wealth and Citrus Pay founder  Satyen Kothari, Cube Wealth CBO Gaurav Gupta, Cashfree cofounders Akash Sinha and Reeju Datta, Navi CFO Ankit Agarwal and FMS Launchpad. This brings the total funding received by the company to INR 27 Cr ($ 3.6 Mn).

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.