New Delhi, July 27 -- GRIP Invest Technologies Pvt Ltd, backed by LC Nueva, Multiply Ventures and other investors, is set to offer specialised investment funds (SIFs) and insurance-linked products on its platform soon.
According to a senior official, the company's growth over the next few years will be driven largely by new products and customer acquisition.
"We will offer specialised investment funds (SIFs) on our platform in August. Within that category, we are only offering hybrid long-short funds," founder and chief executive officer Nikhil Aggarwal said.
Unlike traditional mutual funds, which are long-only portfolios, SIFs are tailored for high-net-worth individuals (HNIs) and enable fund managers to deploy complex strategies such as long-short positions, unhedged derivatives and sector rotation.
GRIP Invest said 35-40% of the hybrid long-short fund's corpus will be allocated towards debt instruments such as listed bonds, about 40% to arbitrage, and the rest to long-equity positions.
"Arbitrage is classified as equity from a taxation perspective. Together, arbitrage and equity will make up 60% of the corpus, so the returns are taxed like those of an equity fund," said Aggarwal.
The hybrid long-short fund is expected to generate post-tax returns of 8-9%.
The Gurugram-based company also plans to offer guaranteed income plans in September in partnership with various life insurers. In addition, it has soft-launched a debt portfolio management services (PMS) offering.
GRIP Invest operates a digital investment platform focussed on high-yield, non-market-linked alternative investments. Through integration with the National Stock Exchange (NSE), it offers listed credit-linked investment opportunities, including corporate bonds, corporate fixed deposits, and securitised debt instruments like lease rentals, invoices, loans and bonds.
The company also operates the GRIP Fixed Income Opportunities Fund (GFIO), a SEBI Category-II alternative investment fund (AIF).
In 2024, GRIP Invest raised Rs 82 crore (around $10 million then) in a Series B funding round via a mix of debt and equity. Of the total, Rs 70 crore came from equity and Rs 12 crore from debt. Alongside LC Nueva and Multiply Ventures, the round also saw participation from Stride Ventures, Venture Highway, Anicut Capital and AdvantEdge.
While GRIP Invest did not disclose its latest financial performance, Aggarwal said losses have narrowed sharply.
"We are almost break-even now. On a run-rate basis, losses have almost come down to near-zero on the back of strong growth in volumes and a very high operating leverage. We have seen a 5-6% reduction in fixed costs as we have scaled our business," said Aggarwal, who is also a co-founder at Astranova Mobility (formerly Electrifi Mobility), an EV asset management and leasing company founded in 2023 by Kunal Mundra, the former CEO of Cars24. GRIP Invest is an investor in the company. .
Aggarwal added that although GRIP Invest reported a double-digit crore loss in FY26, its run-rate losses have now fallen to a single-digit crore level.
In June 2026, the company enabled investments worth around Rs 300 crore, implying an annualised investment run rate of around Rs 4,000 crore.
GRIP Invest currently serves more than 75,000 customers and is targeting the addition of around 10 million new customers in the current financial year, with customer acquisition expected to be a key driver of growth.
Published by HT Digital Content Services with permission from VC Circle.