Jiraaf Set to Raise Fresh Capital in Extended Series B Round
Wealthtech startup Jiraaf is preparing to raise nearly Rs 44 crore (about $4.7 million) in an extended Series B funding round.
The round is being backed by a mix of both existing and new investors, signaling continued confidence in the startup’s business model.
Key Investors Backing the Round
The funding round includes participation from several notable investors:
-
Accel
-
Aspire Financial
-
Hindustan Media Ventures
-
Angel investor Anand Shah
Accel and Aspire Financial are among the largest contributors in this round.
Funding Breakdown
According to regulatory filings, Jiraaf will issue:
-
47,576 Series B5 compulsorily convertible preference shares (CCPS)
-
Each share valued at Rs 8,022
This totals approximately Rs 38.16 crore.
Additional Investment
In a separate tranche:
-
Hindustan Media Ventures will invest Rs 5.6 crore
-
The total raised through these filings reaches Rs 43.76 crore
What Jiraaf Does
Founded in 2021 by Saurav Ghosh and Vineet Agrawal, Jiraaf operates in the fixed income investment space.
Investment Products Offered
The platform provides access to:
-
Treasury bills
-
Corporate bonds
-
Asset leasing opportunities
-
Venture debt
Investment Features
-
Yields ranging from 7% to 18%
-
Tenures from 30 days to 3 years
-
Digital platform for easy access
A Gap of Over Two Years Since Last Funding
This funding round comes after a gap of about two and a half years since Jiraaf’s previous raise.
Earlier, the company secured:
-
$8.7 million in funding
-
Co-led by Accel and Harmony
-
Participation from Capital A and other angel investors
Growing Interest in Fixed Income Platforms
Jiraaf’s funding reflects a broader trend in wealthtech:
Increasing Demand for Stability
Investors are increasingly looking for:
-
Lower-risk investment options
-
Predictable returns
-
Diversification beyond equities
Digital Access to Debt Products
Platforms like Jiraaf make traditionally complex products more accessible to retail investors.
Why This Round Matters
The fresh capital will help Jiraaf:
-
Expand its product offerings
-
Strengthen its platform
-
Reach more users
-
Improve technology and infrastructure
Final Thoughts
Jiraaf’s latest funding round highlights growing investor confidence in fixed income fintech platforms.
With strong backing from Accel and others, and a clear focus on accessible investment products, the startup is well-positioned to scale its operations in India’s expanding wealthtech market.
