Dexif, a rising star in fixed-income products, has secured $4 million in its inaugural institutional funding round from RTP Global. This capital injection marks a significant milestone for the Noida-based startup, which had previously garnered around $1 million from RTP Global and angel investors.
The funds raised, as reported by ET, are earmarked for expanding Dexif’s technology platform, talent acquisition initiatives, and a substantial increase in business operations. Founded by Deepank Bhandari and Tushar Sharma, Dexif operates a fixed-income securities marketplace that serves as a bridge between companies, financial institutions seeking debt, and potential investors.
Dexif’s offerings span a spectrum of fixed-income securities, from sovereign-rated instruments to other risk categories. Despite operating in stealth mode, the startup has been instrumental in facilitating investments totalling approximately Rs 300 crore per month.
The $4 million infusion from RTP Global signifies a vote of confidence in Dexif’s vision and potential to disrupt the fixed-income market. With the fresh capital injection, Dexif aims to fortify its technological infrastructure, enhance its team with top-tier talent, and significantly expand its footprint in the market.
Commenting on the funding round, Deepank Bhandari, co-founder of Dexif, expressed enthusiasm about future growth opportunities. “This investment will enable us to bolster our platform, attract the best minds in the industry, and propel our mission of democratizing access to fixed-income investments,” he said.
Tushar Sharma, co-founder of Dexif, highlighted the platform’s significance in bridging the gap between issuers and investors. “Our marketplace provides a seamless avenue for companies and financial institutions to raise debt capital while offering investors a diverse range of fixed-income securities,” he noted.
The strategic utilization of the $4 million funding round is expected to accelerate Dexif’s growth trajectory, positioning it as a prominent player in the fixed-income market. As the company gears up to unveil its platform to a wider audience, investors and industry observers are keen to witness the impact Dexif will make in transforming the landscape of fixed-income investments.
