Grip Invest: Revolutionizing Alternative Fixed Income Investments in India
Grip Invest, an alternative fixed income online investment platform, has crossed ₹1,000 crore in assets under management (AUM) and is poised to tap into the vast pool of funds locked in bank fixed deposits (FDs) by offering secure, high-yield options to i
Alternative InvestmentsFixed IncomeInvestment PlatformGrip InvestYieldstreetReal EstateAug 03, 2024
The platform has benefited from recent regulatory changes, which have enhanced the appeal and security of debt investments. The Securities and Exchange Board of India has introduced rules for Online Bond Buying Platforms (OBPP), ensuring the protection of investors’ rights and the smooth execution of bond transactions. Additionally, the reduction of the minimum investment threshold for bonds from ₹100,000 to ₹10,000 has made bond investments accessible to a wider retail audience.
Grip Invest is targeting affluent Indians, a demographic that is increasingly seeking higher yields and diversified investment options. The platform’s typical investor falls within the 35 to 50 age range, reflecting a mature, financially savvy demographic. With over 26,000 investors contributing to the ₹1000 crore AUM, Grip Invest has a broad reach across India, with participation from about 10% of all PIN codes.
The company plans to raise additional funds to invest in technology and talent, with a focus on strengthening its application programming interface stack. Despite its current revenue of ₹9 crore and a net loss of ₹2 crore, Aggarwal is optimistic about the platform’s growth prospects and profitability. Grip Invest has also launched Electrifi Mobility, a full-stack commercial EV solutions provider, in partnership with former Cars24 India CEO Kunal Mundra.
Grip Invest envisions evolving into a major player akin to Yieldstreet in the US, capitalising on the growing appetite for alternative fixed income investments. With a growing investor base and repeat investments, Aggarwal believes the platform’s growth will continue to accelerate, driven by the vast pool of funds locked in bank fixed deposits (FDs).
Frequently Asked Questions
What is Grip Invest and what does it offer?
Grip Invest is an alternative fixed income online investment platform that offers investors a diversified portfolio of fixed income options, including lease deals, corporate bonds, and securitised debt instruments (SDIs).
What is the minimum investment threshold for bonds on Grip Invest?
The minimum investment threshold for bonds on Grip Invest is ₹10,000.
Who is the target audience for Grip Invest?
Grip Invest is targeting affluent Indians, a demographic that is increasingly seeking higher yields and diversified investment options.
What is Electrifi Mobility and how is it related to Grip Invest?
Electrifi Mobility is a full-stack commercial EV solutions provider launched by Grip Invest in partnership with former Cars24 India CEO Kunal Mundra.
What are the growth prospects for Grip Invest?
Grip Invest envisions evolving into a major player akin to Yieldstreet in the US, capitalising on the growing appetite for alternative fixed income investments, with a growing investor base and repeat investments driving its growth.
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