Jiraaf, an alternative fixed-income investment platform owned by AI Growth Pvt Ltd, has raised $7.5 million in a funding round led by Accel Partners, Mumbai-based Mankekar Family Office, and Aspire Family Office.

Several angel investors, including Capital A, Sidharth Shah (Founder of Pharmeasy), Ramakant Sharma (Co-founder of Livspace), and Anuj Jhaveri (Director at Barclays, Hong Kong), also participated in the funding round.

The investment platform plans to use the funds to build its team for sourcing high-quality opportunities and strengthening its customer service.

Jiraaf | Alternative Fixed-income Investment Platform

Founded by Saurav Ghosh and Vineet Agarwal in 2021, Jiraaf is democratizing investing in alternative asset classes currently available only to HNIs/ Institutions. It is a platform for high-yield alternative investment opportunities and aims to help individual investors earn better returns by participating in high-quality opportunities that go beyond equities, fixed deposits, real estate and gold.

Speaking about the development, Vineet Agarwal said,

“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.”

Competing with the likes of Per Annum, GoldenPi and Dzerv in India, the alternative fixed-income investment platform offers high-yield, non-market linked investment opportunities, claiming yields in the range of 8% and 20% and tenures of 30 days to three years.

As per Bharat Shankar Subramanian, Partner at Accel, Jiraaf addresses a large market gap by offering diversified fixed-income products. These products can form a meaningful part of every investor’s portfolio over the next decade, especially in the current and forecasted macroeconomic scenario, added Bharat.

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