Grip partners with Castler to offer a robust Digital Escrow infrastructure to its 250,000 users
Grip, One of India’s leading multi-asset alternative investment platforms has announced its partnership with Castler, India’s largest digital escrow platform. Grip was recently crowned India’s Best Wealth Management Startup and this alliance aims to strengthen the democratisation of wealth management products for consumers.
Grip has an investor community of more than ₹2.5 lakh registered users and has paid over ₹580+ crore back to their investors with 0% defaults. With its tech muscle and innovation around wealth creation, Grip offers a unique opportunity for retail investors to earn lucrative returns through risk-adjusted alternative investment opportunities across the risk-reward spectrum such as corporate bonds, leasing, inventory, commercial property and start-up equity.
Vivek Gulati, Co-founder Grip said, “As an alternative investment platform for retail investors, having a solid banking and technology infrastructure is crucial for us. Castler’s digital escrow platform has provided us just that. We are impressed by how they have leveraged technology to streamline transactions, making them more efficient, secure, and convenient for Grip and our customers. Castler has helped Grip in asset leasing transactions, allowing us to manage payments and settlements with ease.”
Castler, backed by Zerodha and Venture Catalysts, is India’s largest digital escrow platform with over 500 enterprise clients and over $500 million in transactions under management.
Vineet Singh, Co-founder and CEO of Castler, said, “Castler is delighted to have Grip as a partner because of the overlap in our core beliefs. Singh said that trust is the most important digital currency, and Castler is building the epitome of digital trust. Grip’s endeavor – building an investor-first, technology-driven, transparency-focused digital investment platform – resonates with Castler’s vision. Apart from stupendous growth for both organisations, the number that we are immensely proud of is 0% Default. This is how businesses building for trust get built.
The Grip-Castler partnership will act as a force multiplier to bridge confidence among retail investors and increase both the understanding and demand for alternative investment products.
