Snow Leopard Ventures and a number of angel investors, including Kunal Shah, the creator of Cred, contributed $2 million to the seed round of funding for the fixed income investment business Tap Invest. Upsparks and Superb Capital, who had previously invested, joined the round as well. Users have access to fixed income investing alternatives through Tap Invest, formerly known as Leaf Round. Asset leasing and invoice discounting are both open to investors.

Nishchay Nath, a former True North executive, Soumya Kushwaha, a former McKinsey employee, and Himanshu Chowdhary, a former employee of Media.net and Games24x7, created the company in 2021. Approximately 70% of all investment assets in India are currently in the fixed income investment category. This indicates that there is a significant opportunity and room for growth in this market. He continued by saying that Tap Invest aims to create a seamless digital investment platform for fixed income assets and provide its users with tech-enabled solutions.

More than 12,500 investors joined the site in its previous incarnation, making contributions totaling more than Rs 150 crore. By the end of 2024, Tap Invest hopes to generate Rs 500 crore for comparable investment possibilities. The company expects its platform to have more than 20,000 active customers making investments in a variety of fixed income instruments.

The business plans to use the additional cash to increase its market share, seek significant expansion, and diversify its offering of debt investing services. Additionally, it aims to raise young Indians awareness of these investing options. Chris Kolenaty, the Founder of Snow Leopard Ventures, stated that the founders intense customer focus, high rates of iterative product development, and, although still early, encouraging indicators about user retention from a cohort viewpoint, motivated him to invest in the business.