The newest funding round for alternative investment platform Grip Invest, led by Stride Ventures, totaled $10 million in a combination of debt and equity.
Along with returning financiers Venture Highway, Anicut Capital, and AdvantEdge, new investors LC Nueva and Multiply Ventures also took part in this round.
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Out of the total, $8.5 mn was secured through convertible notes and new stock, and $1.5 million in venture debt, as reported by The Economic Times.
The Gurugram-based business plans to use the capital to expand its technology stack, expand its consumer base, and develop and distribute new products.
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Users can invest in commercial real estate as well as fixed-income securities, including corporate bonds and securitized debt instruments (SDIs), through this platform.
About Grip Invest
Grip Invest is a technology-driven, transparency-focused digital investment platform that prioritizes investors and offers carefully selected non-market connected alternative investment possibilities that span the whole risk-reward spectrum and best support the building of wealth for investors.
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