GrowFix, an alternate debt assets platform, has raised $2 million in seed funding led by Rainmatter Capital (Zerodha’s fund) with participation from Better Capital.

Angels like Kunal Shah (Founder, CRED), Praveen Jadhav (ex-CEO PayTM money), Lalit Kehsre (Co-founder, Groww), Indiagold founders Deepak Abbot and Nitin Misra, Nischal Shetty (Founder of WazirX), Sayali Karanjkar of Paysense, Nitin Gupta of PayU and Uni, Vasanth, Anugrah, and Rohan (Co-founders of Smallcase), Sanat Rao (ex-partner, Chiratae Ventures), Akash Gehani of Instamojo, Sanjay Ramakrishnan of Multiple Ventures, Abhinav Jain and Kalpak Chhajed, Co-founders, Shop101, Devashish Chakravarty (Quez), and I Unnikrishnan of Yogloans also participated in the funding round.

As per the startup, it will use the funding to develop technology to underwrite risks, educate investors about new-generation debt assets.

Started in January 2020 by Ajinkya Kulkarni, Abhik Patel, Shashank Chimaladari, and Anshul Gupta, GrowFix is an alternate debt assets platform for retail investors to invest in high-interest rate, asset-backed fixed income products.

Talking about the funding, Ajinkya Kulkarni, Co-founder of GrowFix, said,

“GrowFix is squarely aimed at addressing this massive market opportunity by creating high-interest rate products for these investors. This round of investment will help us develop technology to underwrite risks and educate investors about new-gen debt assets.”

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