AlphaMaven AlphaMaven

Alternative investment firm Grip Invest gains $10M funding from Stride Ventures, others

Reported by Yourstory
Jan 9, 2024· 2 min read
Save Post LinkedIn Email
Key Takeaways
  • • Grip Invest, a Delhi-based alternative investment and asset financing platform, raised $10 million in a Series B funding round led by Stride Ventures, comprising $8.5 million in fresh equity and convertible notes plus $1.5 million in venture debt.
  • • New investors LC Nueva and Multiply Ventures participated alongside existing backers Venture Highway in the round, signaling institutional confidence in the fixed-income investment platform's business model.
  • • The capital will be deployed to scale operations, expand product distribution strategy, and enhance investor-focused technology platform features, positioning Grip Invest for accelerated growth in the alternative investment space.
  • • Grip Invest operates as a direct-to-consumer (D2C) investment platform specializing in fixed-income and alternative asset classes, addressing retail investor demand for diversified investment vehicles beyond traditional equities.
Summary
Grip Invest, a Delhi-based alternative investment platform, has secured $10 million in Series B funding, marking a significant capital infusion for the fintech firm focused on fixed-income and asset financing products. The round was led by Stride Ventures and structured as a hybrid investment comprising $8.5 million in fresh equity and convertible notes alongside $1.5 million in venture debt, providing the company with both growth capital and flexible financing options.

The funding syndicate included participation from new institutional investors LC Nueva and Multiply Ventures, alongside existing backer Venture Highway. This multi-investor approach reflects confidence in Grip Invest's market positioning within India's growing alternative investment segment, where retail investors increasingly seek exposure to non-traditional asset classes and fixed-income opportunities.

The company plans to deploy the capital strategically across three primary areas: scaling operational infrastructure to handle increased transaction volumes, expanding its product distribution strategy to reach broader customer segments, and building enhanced investor-focused features on its technology platform. These initiatives align with the broader fintech trend of democratizing access to alternative investments previously available primarily to high-net-worth individuals and institutional investors.

Grip Invest's focus on the D2C investment channel positions it within a competitive but expanding market segment in India, where digital-first investment platforms have gained traction. The Series B round demonstrates investor appetite for regulated fintech platforms offering curated alternative assets and fixed-income products to retail audiences seeking portfolio diversification and yield-generating opportunities in a low-interest-rate environment.

Go deeper than the headline

Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.

Start your free 7-day trial

Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Yourstory Alternative investment firm Grip Invest gains $10M funding from Stride Ventures, others