RTP Global has contributed $4 million to Dexif, a platform for fixed-income products, in its first institutional funding round.
Prior to this, RTP Global and angel investors contributed roughly $1 million to the Noida-based startup.
The money will be used to grow the company’s technology platform, draw in top talent, and extend business operations four or five times, according to a report from ET.
Dexif, which was founded by Deepank Bhandari and Tushar Sharma, is a fixed-income securities marketplace that links businesses and financial institutions seeking to raise capital with potential investors.
The fixed-income securities in Dexif’s product line span a wide range of risk levels, including securities with sovereign ratings.
The startup, which is presently accepting investments totaling roughly Rs 300 crore per month, is in stealth mode.
