GrowFix has raised $2 million seed round led by Zerodha!
GrowFix is an alternate debt assets platform for retail investors to invest in high-interest rate, asset-backed fixed income products. GrowFix will use these funds to develop technology to underwrite risks, educate investors about new-gen debt assets.
GrowFix caters to investors who are actively looking for high-interest rate products for reasonable risk. FD and debt mutual fund returns have dropped considerably, and there is a huge vacuum for products that give 2-3% higher returns than FD and are less volatile than equities. GrowFix is squarely aimed at addressing this massive market opportunity by creating high-interest rate products for these investors.
Here is the Economic Times article with details:
GrowFix raises $2 million in seed funding from Zerodha, others - The Economic Times