Indian Startup Grip Invest Seeking To Raise Capital in its Series B Round
By: Asia Business Outlook Team | Friday, 12 May 2023
Grip Invest, an India-based fintech firm, said it plans to raise up to $8 million in its series B investment round over the next three to four months.
Grip Invest is an investment platform that provides a selected variety of investment possibilities other than equities, mutual funds, and cryptocurrencies. Unlike market-connected assets, Grip Invest's services provide investors with risk-adjusted returns.
Detailed information about each investment opportunity is available to investors, including commercial terms, estimated returns, partner biographies, investment highlights, and associated risks.
Based on its "healthy" financial performance over the past year, the fintech startup expects to reach profitability within the next 12 to 18 months. Grip Invest has increased by 60% to 70%.
Concerning the future investment round, the business intends to use the funds primarily to improve the platform's user experience and produce a more "intuitive" product. The corporation also stated that it will spend in regulatory compliance.
In order to reach a larger consumer base, the company is considering a B2B2C strategy.
Collaboration among financial advisors, banks, non-bank financial enterprises, and other platforms is required under this strategy. Grip Invest hopes to disseminate its selected investment products through these partnerships, making them more accessible to investors.