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).