Dexif, a fixed-income investment start-up, has secured $4 million in funding from early-stage venture capital firm RTP Global, as per a report by the Economic Times.
The start-up will use the fund to modify its technology platform, expand its business operations, and strengthen its talent pool. To match the increasing demand of the market, the firm also aims to expand the availability of fixed-income assets, as per the report.
The company's CEO, Deepank Bhandari, said as per the Economic Times that the products, or Dexif, are spread across a risk range of fixed income investments.
Bhandari said, as per the report, “Primarily, we are working on the financial institutions’ side, which are NBFCs that are in the business of raising capital.”
Dexif is basically a “proprietary financial engineering technology that enables novel fixed-income products with precise risk-reward and duration in investor-friendly denominations.” In stealth mode now, the start-up helps investors and companies raise money and invest in securities with the help of term loans, pass-through certificates, and non-convertible debts.
“The fixed-income market, while actively traded, often faces challenges related to price discovery, accessibility for all investors, and transparency.” Nishit Garg, partner on RTP Global’s Asia investment team, said, as per the report. Garg further highlighted how ecosystems like Defix, which are technology-driven, can help provide valuable solutions to these issues.
Dexif was founded by Deepank Bhandari and Tushar Sharma in November 2022. Bhandari's previous career stint was with Blinkit, where he was the vice president of the supply chain. Pallavi Bajaj, a Chartered Accountant, also joined the company as a co-founder in October 2023, as per the report.
