VC Fund Investments
Asset financier Grip Invest attracts $10-M Series B
Delhi-based asset financing firm Grip Invest has attracted USD 10 million in Series B funding from Stride Ventures, along with LC Nueva and Multiply Ventures. Existing investors Venture Highway, Anicut Capital, and AdvantEdge also participated in the round. The round was a mix of fresh equity (USD 8.5 million) and convertible notes (USD 1.5 million).The funding will be used towards expanding business operations, perfecting product distribution strategy, and adding investor-focused features on its technology platform.Founded in 2020 by Vivek Gulati, Nikhil Aggarwal, and Aashish Jindal, Grip Invest is a direct-to-consumer high-yield investment platform which helps retail investors allocate their money to new-age, asset-backed investment options.Grip Invest has raised a total of more than USD 15 million in funding to date, including the Series B round.
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