Jiraaf Raises $7.5 million In Series A Round Led By Accel Partners Funds will be utilized to further build the team for sourcing high-quality opportunities, robust credit assessment and strengthen customer service

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company

Jiraaf on Wenesday announced to have raised $7.5 million in a Series A round led by Accel Partners, Mankekar Family Office, Aspire Family Office and other angel investors. This round also saw participation from multiple angel investors including Capital A, the founders of PharmEasy, Ramakant Sharma, founders of Zetwerk, Anuj Jhaveri and Shantanu Garg. Funds will be utilized to further build the team for sourcing high-quality opportunities, robust credit assessment and strengthen customer service.

"Over the last 8 months, we have originated opportunities over INR 250 crore and have more than 10,000 registered investors. We are looking to achieve transaction volume of INR 1,000 crore by this year end and an investor base of 100,000," said Vineet Agrawal, co-founder, Jiraaf.

"There is a very strong demand for alternate fixed-income products among retail investors. India has nearly $2 trillion invested in fixed deposits and mutual fund industry is sized at $0.5 trillion which saw a three times growth in last five years. Jiraaf is addressing a large market gap by offering diversified fixed income products which can form a meaningful part of every investor's portfolio over the next decade especially in the current and forecasted macro-economic scenario," said Barath Shankar Subramanian, partner, Accel Partners.

Founded in September 2021 by finance professionals Saurav Ghosh and Vineet Agrawal, Jiraaf offers high yield non-market linked investment opportunities with yields in the range of 8 per cent to 20 per cent and tenors between 30 days to 3 years. Jiraaf aims to help individual investors earn better returns by participating in high-quality opportunities that go beyond equities, fixed deposits, real estate, and gold.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Starting a Business

How to Pick the Right Friends and Family Investors for Your Business

It is only natural for new or young entrepreneurs, who are just embarking on his or her entrepreneurial journey, to approach friends and family.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

India's Graduate Employability Declines Amid AI Boom and Global Tech Layoffs

As AI-driven automation replaces routine tasks, businesses are looking for candidates who can adapt, collaborate effectively, and demonstrate problem-solving abilities

News and Trends

CarDekho Banks On AI To Drive Mobility Solutions

We are assembling AI at the core of what CarDekho does and the Indian auto ecosystem, says Amit Jain, co founder and CEO, CarDekho Group

Starting a Business

'Don't Wait Until Everything Is Just Right': How a Common Frustration Inspired This Entrepreneur to Co-Found a Thriving Business

Mike Mayer, co-founder and co-CEO of Windmill, shares how an annoying struggle with an air conditioning unit sparked the idea for an innovative air quality company.

News and Trends

Healthfab Secures USD 1 Mn Funding to Advance Sustainable Menstrual Care

The brand plans to use the fresh capital to expand its reach across metro and Tier II cities while strengthening its R&D efforts.