Grip Invest Technologies Private Limited Asset Profile

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Year established

2020

Location

New Delhi India

Primary Industry

Financial Services

About

Established in 2020 and based in New Delhi, India, Grip Broking Private Limited operates as a financial company that provides a platform for retail investors to access non-market-linked and regulated investment opportunities. The company was co-founded by Nikhil Aggarwal, Vivek Gulati and Aashish Jindal, who are all experienced financial practitioners. In January 2024, Grip Invest Technologies Private Limited raised INR 700 million in series B funding led by new investor Stride Ventures, with participation from other new investors LC Nueva Capital and Multiply Ventures. Returning investors Venture Highway, Anicut Capital, and AdvantEdge also participated in the round. The round was part of a larger INR 820 million of series B and debt funding. The company provides a platform for high-yield investment. The return, according to the website, is up to 16% annually. It also offers fixed-income, SEBI & RBI regulations, and diversification with bounds and SDI. The financial services are all curated on its application called Grip, which can be downloaded on the mobile phone. The company drives revenue by selling its D2C financial services to customers. The company will use the funding in 2024 for growth, product development, and expansion.

Current Investors

Vistra ITCL, Faad Network, Raghuvanshi Investment

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Primary Industry

Financial Services

Sub Industries

Brokerages, Consumer Finance, e-Financial, Investment Banking, Private Equity, Software, Analytics & Performance Software, Accounting/Finance Software

Website

www.gripinvest.in

Verticals

FinTech, FinTech, FinTech, FinTech, Mobile Apps

Company Stage

Series B

Total Amount Raised

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