A fixed income products platform, Dexif has recently raised $4 million in its first institutional funding round from RTP Global. Prior to this funding, the Noida-based startup had raised about $1 million from RTP Global and angel investors.

According to the media report, the proceeds will be used to scale up its technology platform, attract top talent, and expand business operations four to five times. The company was established by Deepank Bhandari and Tushar Sharma and aims to reinvent the way fixed-income securities are traded in India, providing a platform which connects companies and financial institutions directly.

The company also want to widen up the availability of fixed-income assets to match the escalating demands of a growing market. Dexif’s products are spread across a risk spectrum of fixed income securities including sovereign-rated securities.

In a media statement, the company said that it is currently stands at a stealth mode facilitates investments totalling to about Rs.300 crore per month. India’s bond market, worth around $2.2 trillion, has growth potential compared to other major economies.

During 2023, they roped Chartered Accountant Pallavi Bajaj as co-founder. Pallavi has vast knowledge about the finance market and expertise in Structured Finance, Portfolio & Stakeholder Management. Also the team are industry veterans Mohit Chandnani, Vikas Singh and Jakin Shah from AK Capital, Fenil Gada from Saison Capital and Shahil Shah from Northern Arc Capital joined the farm.
Deepank Bhandari, Founder & CEO of Dexif said, “This seed funding is a reinforcement of our dedication to unlock the full potential of India’s fixed-income markets. It will fuel our pursuit to innovate further and scale our offerings, ensuring that the power of fixed-income investments is within easy reach of every investor.”