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Jiraaf is a Bengaluru, India-based SEBI-registered online bond platform offering retail investors high-yield alternative fixed-income investments. The platform facilitates investments in listed bonds, corporate debt, invoice discounting, and venture debt, with yields of 8-20% on tenures from 30 days to 3 years, minimum investment of INR 1 lakh. Having raised $7.5 million in funding, led by Accel Partners, Jiraaf has deployed over INR 1,000 crore in investments, facilitating over INR 550 crore in repayments without defaults for its 20,000+ registered investors. Other key investors include Mankekar Family Office, Aspire Family Office, Sidharth Shah (Pharmeasy), and Ramakant Sharma (Livspace). Employing over 50 individuals, Jiraaf was founded in 2021 by Saurav Ghosh and Vineet Agrawal. Its business model centers on operates as a digital investment platform matching retail investors with curated fixed-income opportunities from select borrowers, earning through fees or spreads on transactions, owned by AI Growth Private Limited.
Jiraaf has raised $16.0M across 2 funding rounds.
Jiraaf has raised $16.0M in total across 2 funding rounds.
Jiraaf has raised $16.0M in total across 2 funding rounds.
Jiraaf's investors include Accel, Bharat Innovation Fund.
Jiraaf has raised $16.0M across 2 funding rounds. Most recently, it raised $9.0M Series B in October 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2023 | $9M Series B | — | Accel, Bharat Innovation Fund | Announced |
| Jun 1, 2022 | $7M Series A | — | Accel, Bharat Innovation Fund | Announced |
Jiraaf is a Bengaluru-based fintech company founded in 2021 that operates an online platform for high-yield, fixed-income bond investments, enabling individual investors to access curated listed bonds, government securities, and other SEBI-regulated products starting from as low as ₹10,000.[1][2][3] It serves retail investors seeking risk-adjusted returns in the fixed-income space, solving the problem of limited access to the traditionally opaque and institution-dominated bond market by providing a digital, transparent interface with tools for smarter wealth growth.[1][2][3] With $16.2M raised across funding rounds, including an $8.7M Series B two years ago, Jiraaf demonstrates strong growth momentum, evidenced by its +80 Mosaic Score increase and fully subscribed offerings like Navi Finserv (up to 11.20% yield) and Muthoottu Mini Financiers (up to 10.40% yield).[1][2]
Jiraaf was co-founded in 2021 by Saurav Ghosh, an investment professional with expertise in corporate finance, and Vineet Agrawal, experienced in real estate.[1][3] The idea emerged from their recognition of the bond market's inaccessibility to individual investors, prompting them to build a digital platform that democratizes high-yield fixed-income opportunities under SEBI regulation.[1][3] Early traction came through curated, compliant products and a focus on transparency, quickly attracting users amid India's growing retail investment wave, with founders emphasizing how digital tools are transforming bond access.[1]
Jiraaf rides the fintech democratization trend in India, where digital platforms are expanding retail access to underserved asset classes like bonds amid rising financial literacy and post-pandemic investment surges.[1][3] Timing aligns with SEBI's push for regulated bond trading and India's bond market growth, fueled by economic expansion and demand for fixed-income alternatives to volatile equities.[1][2] Market forces like low interest rates on FDs and MFs favor its high-yield offerings, while it influences the ecosystem by lowering barriers for individuals, boosting liquidity in listed bonds, and competing with platforms like Tyke in fintech innovation.[1]
Jiraaf is poised for expansion by scaling its platform amid India's retail bond market boom, potentially adding more asset classes like SDIs or real estate-linked bonds while leveraging its Series B momentum for tech enhancements.[1][2] Trends like AI-driven analytics, regulatory easing, and rising HNIs will shape its path, evolving its influence from niche bond access to a broader wealth management leader.[2][3] As a 2021 entrant already hitting funding milestones, Jiraaf exemplifies how fintech is reshaping fixed-income for everyday investors, tying back to its core mission of smarter, democratized wealth creation.[3]
