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.
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.
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.