Total amount raised
$16.1 Million
Latest funding date
10/1/2023
Location
Jiraaf has successfully raised funding through two rounds, attracting investments from notable backers such as Harmony Partners, Capital A, and Accel. The platform offers individual investors the opportunity to earn returns by participating in high-quality investment opportunities beyond traditional equities and fixed deposits.
Jiraaf's curated bond investment platform emphasizes stability, transparency, and dedicated support, making it a compelling choice for investors seeking diversified financial opportunities. Keep reading to explore the intricacies of Jiraaf's fundraising journey and the investors backing this innovative platform.
What Is Jiraaf?
Jiraaf is a private company based in Bengaluru, Karnataka, India, operating in the Financial Services and Real Estate Investment industries. The company has an employee count ranging from 51 to 100.
Jiraaf offers individual investors the opportunity to earn returns by participating in high-quality investment opportunities beyond traditional equities and fixed deposits. The platform emphasizes stability, transparency, and expert support, making it a compelling choice for diversified financial investments.
How Much Funding Has Jiraaf Raised?
- Series A
- Amount Raised: USD 7,500,000
- Date: June 2022
- Lead Investors: Accel, Aspire Family Office, Mankekar Family Office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Jiraaf's mission to democratize fixed income investments in India and to build and support investor portfolios with alternative fixed income products.
- Series B
- Amount Raised: USD 8,700,000
- Date: October 2023
- Lead Investors: Accel, Harmony Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Jiraaf's teams in technology, investment, and customer care, and to achieve the goal of reaching Rs 10,000 crore worth of investments and expanding the user base to over 300,000 in the next 24 months.
Total amount raised: USD 16,200,000. Current valuation: Not publicly disclosed.
Key Investors
- Accel
- Details: Accel is a global venture capital firm known for its early-stage and growth-stage investments in technology companies. They have a significant presence in the startup ecosystem with numerous successful exits.
- Investment Focus Areas: Technology, startups, early-stage companies.
- Notable Investments: Facebook, Dropbox, Slack, Flipkart.
- Harmony Partners
- Details: Harmony Partners is a US-based venture capital firm focusing on growth-stage investments. They have a diverse portfolio with a strong emphasis on technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, high-growth companies.
- Notable Investments: Etsy, Vroom, Byju.
- Aspire Family Office
- Details: Aspire Family Office is a private investment firm that manages a diversified portfolio. They invest in various sectors, including real estate and venture capital.
- Investment Focus Areas: Real estate, private equity, venture capital.
- Notable Investments: Specific notable investments are not mentioned.
- Mankekar Family Office
- Details: Mankekar Family Office is a private investment entity with a broad investment strategy. They focus on multiple sectors, leveraging their expertise to identify high-potential opportunities.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Specific notable investments are not mentioned.
- Capital A
- Details: Capital A is a domestic early-stage seed fund that supports innovative startups. They aim to foster growth and development in the Indian startup ecosystem.
- Investment Focus Areas: Early-stage startups, technology, innovation.
- Notable Investments: Specific notable investments are not mentioned.
What's Next for Jiraaf?
Jiraaf stands at the cusp of significant growth, with plans to expand its user base to over 300,000 and enable Rs 10,000 crore of investments in the next 24 months. The platform's diverse offerings, including corporate bonds and asset leasing, present a substantial opportunity to tap into India's vast pool of household savings.
To support this ambitious growth, Jiraaf may seek additional funding rounds, leveraging its strong market position and investor confidence. The expansion of teams across technology, investment, and customer care will be crucial in scaling operations and maintaining service quality.
However, challenges such as navigating regulatory requirements and maintaining zero defaults on repayments could pose hurdles. Competition from other fixed-income platforms and traditional investment avenues will also test Jiraaf's ability to attract and retain investors.
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