Deepak Bhandari and Tushar Sharma founded the company in November 2022. They wanted to reinvent how fixed-income securities are traded in India by providing a platform that directly connects companies and financial institutions. To meet the escalating demands of a growing market, the firm wants to expand the availability of fixed-income assets.
Currently in stealth mode, the startup facilitates investments worth approximately ₹300 crore per month. According to the company, India’s bond market, worth approximately $2.2 trillion, has greater growth potential than other major economies. In October 2023, Pallavi Bajaj joined them as a co-founder. Pallavi is a chartered accountant specializing in structured finance, portfolios, and stakeholder management. Industry veterans Mohit Chandnani, Vikas Singh, and Jakin Shah of AK Capital, Fenil Gada of Saison Capital, and Shahil Shah of Northern Arc Capital have joined the founding team.
This seed funding reinforces our commitment to realizing the full potential of India’s fixed-income markets. It will fuel our efforts to innovate and scale our offerings, ensuring that the power of fixed-income investments is easily accessible to all investors,” said Deepank Bhandari, Founder and CEO of Dexif.
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