$7.5 M received by Alternative investment platform Jiraaf from Accel, others
AI Growth Pvt. Ltd’s alternative fixed-income investing platform Jiraaf has secured $7.5 million in a fundraising round headed by Accel Partners, Mumbai-based Mankekar Family Office, and Aspire Family Office.
Capital A, Sidharth Shah, creator of Pharmeasy, Ramakant Sharma, co-founder of Livspace, Anuj Jhaveri, director at Barclays, Hong Kong, and Shantanu Garg, managing director and partner at Boston Consulting Group all participated in the round.
The cash will be used to expand the startup’s workforce, which will be responsible for discovering high-quality opportunities and improving customer service.
Jiraaf is a platform for high-yield alternative investment options that was founded in 2021 by financial experts, Saurav Ghosh and Vineet Agarwal. Its goal is to assist individual investors in achieving higher returns by investing in high-quality alternatives to equities, fixed deposits, real estate, and gold.
“Over the last eight months, we have originated opportunities worth over Rs 250 crore and have more than 10,000 registered investors… We are looking to achieve a transaction volume of Rs 1,000 crore by this year-end and an investor base of 100,000,” said cofounder Agarwal.
Jiraaf claims to offer high-yield, non-market-related investment alternatives with returns ranging from 8% to 20% and terms ranging from 30 days to three years.
