PE-VC Fund Investments
Fixed-income investment enabler Jiraaf to raise Rs.44-Cr from Aspire Financial, Accel, others
Bangalore-based fixed income platform Jiraaf is to raise INR 43.76 crore (USD 4.7 million) in an extended Series B funding round from Aspire Financial (INR 20 crore), Accel (INR 18 crore), Hindustan Media Ventures (INR 5.6 crore) and angel investor Anand Shah (INR 16.7 lakh).Founded in September 2021 by Saurav Ghosh and Vineet Agrawal, Jiraaf operates a digital platform that offers fixed-income investment opportunities such as treasury bills, corporate bonds, asset leasing, and venture debt, with reported yields ranging from 7% to 18% and tenures between 30 days and 3 years.
Between Aug 2021 and Mar 2024, Jiraaf had attracted about USD 22 M from Accel India, Capital A, LogX Ventures, Trifecta Capital, Alteria Capital, Harmony Partners and others.For FY25, Jiraaf had reported about INR 19 Cr in Operating Income and about INR 24 Cr in Net Loss.
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