The funding round also saw participation from Cred’s Kunal Shah, Paytm Money’s former CEO Praveen Jadhav and PayU’s Nitin Gupta and others
GrowFix offers high net-worth individuals and retail investors, asset-backed fixed income products which offer higher returns than fixed deposits
It offers GrowFix Gold and GrowFix Wheels, with an underlying asset of gold loans or vehicle loans
Digital investment platform for securitised debt instruments (SDIs), GrowFix has raised $2 Mn in a seed funding round led by Zerodha’s fintech investment fund Rainmatter, and participation from Better Capital.
The funding round also saw participation from 20 other entrepreneurs, including Cred’s Kunal Shah, Paytm Money’s former CEO Praveen Jadhav, PayU’s Nitin Gupta and India Gold’s Deepak Abbot.