Market Research Report: Jiraaf Platform Private Limited

Company Overview

• Name: Jiraaf Platform Private Limited

• Mission: To revolutionize wealth creation by democratizing access to listed bonds via an easy-to-use online bond platform. Jiraaf aims to help individual investors earn risk-adjusted returns by engaging in high-quality listed investment opportunities.

• Founded: September 2021

• Founders: Saurav Ghosh and Vineet Agrawal

• Key People:

• Saurav Ghosh, Co-founder

• Vineet Agrawal, Co-founder

• Ms. Richa Mishra, Compliance Officer

• Headquarters: No. 371, St. Johns Hospital Road, Santoshpuram, Koramangala 3rd Block, Bangalore South, KA - 560034, India

• Number of Employees: No information is available

• Revenue: No information is available

• Company Known For: Jiraaf is known for offering a platform that facilitates investment in alternative fixed-income opportunities.

Products

Listed Corporate Bonds

• Description: Debt securities issued by corporations and listed on stock exchanges like NSE and BSE, offering fixed-income returns not linked to the stock market.

• Key Features:

• Tenure: 12-36 Months

• Internal Rate of Return (IRR): 8%-18%

• Stability and better yield compared to traditional investments

• Secured against collateral and offers passive income

Sovereign Gold Bonds

• Description: Government securities issued by RBI, reflecting the value of gold, offered as bonds instead of physical gold.

• Key Features:

• Tenure: 8 Years

• Annual Return: 2.5% (Fixed) plus variable returns from gold price appreciation

• Government issued, transferable, and can be used as collateral for loans

Treasury Bills (T-Bills)

• Description: Short-term money market instruments issued by the Government of India with zero to low-risk investment features.

• Key Features:

• Tenure: 3-12 Months

• IRR: 6.5%-7.5%

• Sovereign guarantee with high liquidity

Government Securities (G-Sec) and State Development Loans (SDLs)

• Description: Long-term bonds issued by the central or state governments of India, providing risk-free investments.

• Key Features:

• Tenure: 5-40 Years

• IRR: 7% and above for 5 years

• Risk-free with sovereign guarantee

Securitized Debt Instruments (SDIs)

• Description: Securities that represent ownership interest in a pool of income-generating assets.

• Key Features:

• Tenure: 12-36 Months

• IRR: 8%-15%

• Diversification benefits with market liquidity

Recent Developments

Funding and Expansion

• Series B Funding: Jiraaf raised $8.7 million in Series B funding round led by Accel and Harmony Partners, with participation from Capital A and notable angel investors.

• Purpose of Funding: The funds are aimed at expanding the team across tech, investment, and customer care, as well as improving the platform's capabilities to enable better diversification and choices for customers.

• User and Capital Deployment Goals: Jiraaf plans to reach 300,000 users and deploy ₹10,000 crore of capital over the next two years, increasing their disbursal run rate target to ₹500 crore per month.

Platform Features

• Registered Users and Investment: Jiraaf has over 125,000 registered users and has facilitated investments worth ₹2,300 crore, with zero defaults, providing yields between 7-18% for investments ranging from 30 days to 3 years.

• Partnerships: Jiraaf has partnered with over 50 borrowers including Caratlane, Edelweiss, Zuari International, and others to offer a diverse range of fixed-income investment products.

Regulatory Compliance

• SEBI License Application: Jiraaf is in the process of acquiring an online bond platform provider license from SEBI, which mandates all such platforms be licensed by the regulator.