India’s bond investment platform IndiaBonds raised its first funding of Rs 32.5 Cr

In its first external funding round, IndiaBonds, a bond investment platform registered with SEBI, raised Rs 32.5 crore ($3.77 million), supported by a carefully selected group of renowned individual investors from the technology and investment sectors.

For the Mumbai-based fintech, which has been operating entirely on its own for more than four years, this is a significant milestone.

The money raised will be utilized to expand its platform and carry out its goal of bringing bond investing to India’s mainstream and within reach.

IndiaBonds, which was founded in 2021 by Vishal Goenka and Aditi Mittal, gives institutional and retail investors the ability to access, assess, and purchase a variety of fixed-income securities, such as government securities, corporate bonds, and digital fixed deposits.

Goenka claims that the round includes “friends and associates” who contribute not only money but also strategic knowledge, and the business plans to look into institutional funding the following year.

In an effort to make fixed-income investing easier for individuals, IndiaBonds has launched a number of innovations in the market, such as a public bond directory and a bond yield calculator.