New Delhi: Grip Invest, a technology-driven trading platform for fixed-income products, expects investments through its platform to double to Rs 2,000 crore in the next 12 months.
Nikhil Agarwal, founder and CEO of Grip Inves, said total investment in corporate bonds and other debt products recently crossed Rs 1,000 crore and should double in the next 12-14 months.
He said the interest of retail investors in fixed income products is increasing as it has less risk as compared to the stock market.
He said volumes have seen improvement on a month-on-month basis and availability of greater number of options will attract more investors going forward.
Grip Invest has already raised Rs 100 crore from some venture capitalists, which can sustain the business for more than a year, he said, adding, “Depending on volume growth, we will look at raising funds in future.,
Keeping in mind the growing market demand, he said, Grip Invest has launched the Indian debt market's first 24X7 investment option – After Market Order (AMO) allowing users to invest in the debt market 24X7, even That on weekdays, weekends, public holidays and even after-market) closes at 5 pm.
“As an extension of our goal to democratize investing, AMO will bridge the gap between investors and their investment goals while eliminating time constraints. With it, we hope investors will be able to invest in a disruption-free wallet on their terms.” "Can reach the construction journey." He said.
He said, by removing the barrier of market hours, AMO empowers investors to have flexibility in their research for the right investment option and take control of their investments.He said the success of after-market orders will translate to investors and businesses, where the feature will effectively extend market hours, potentially leading to higher trading volumes and increased market activity.
Nikhil Agarwal, founder and CEO of Grip Inves, said total investment in corporate bonds and other debt products recently crossed Rs 1,000 crore and should double in the next 12-14 months.
He said the interest of retail investors in fixed income products is increasing as it has less risk as compared to the stock market.
He said volumes have seen improvement on a month-on-month basis and availability of greater number of options will attract more investors going forward.
Grip Invest has already raised Rs 100 crore from some venture capitalists, which can sustain the business for more than a year, he said, adding, “Depending on volume growth, we will look at raising funds in future.,
Keeping in mind the growing market demand, he said, Grip Invest has launched the Indian debt market's first 24X7 investment option – After Market Order (AMO) allowing users to invest in the debt market 24X7, even That on weekdays, weekends, public holidays and even after-market) closes at 5 pm.
“As an extension of our goal to democratize investing, AMO will bridge the gap between investors and their investment goals while eliminating time constraints. With it, we hope investors will be able to invest in a disruption-free wallet on their terms.” "Can reach the construction journey." He said.
He said, by removing the barrier of market hours, AMO empowers investors to have flexibility in their research for the right investment option and take control of their investments.He said the success of after-market orders will translate to investors and businesses, where the feature will effectively extend market hours, potentially leading to higher trading volumes and increased market activity.
