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Economic Times

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IndiaBonds raises Rs 32.5 crore from individual investors

  • Online bond investment platform IndiaBonds raises Rs 32.5 crore ($3.77 million) in its first external funding round from individual investors.
  • The funds will be utilized to enhance the digital platform and promote fixed-income investing in India.
  • The company founders plan to utilize the capital for scaling up and seek institutional funding next year.
  • IndiaBonds, founded by Vishal Goenka and Aditi Mittal in 2021, is registered with SEBI as an online bond platform provider.
  • The platform allows retail and institutional investors to invest in various fixed-income products.
  • The investment comes at a time of rising interest in bonds, with several fintech platforms like Stable Money and Groww focusing on bond investments.
  • IndiaBonds introduced a bond yield calculator in 2022 to assist investors in pricing and yield calculations.

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