Grip, an alternative investment platform, has announced the appointment of Ankit Goyal as the Vice President and Head of Business Development.
Ankit brings over 12+ years of professional experience in the BFSI industry and will play a crucial role in leading the team to enhance the strategic B2B partnerships & enabling more businesses to leverage an alternative form of growth capital, a statement said.
Ankit is an alumnus of XLRI, Jamshedpur (PGDBM, 2009), and Delhi College of Engineering. He has previously worked with The Hongkong and Shanghai Banking Corporation (HSBC) & Sumitomo Mitsui Banking Corporation (SMBC) where he has managed key corporate relationships for these institutions.
Vivek Gulati, Co-Founder & COO, Grip, said on this appointment, “We have so far enabled over 75+ companies to grow without raising equity or debt but by leveraging leasing as a form of growth capital. In 2022, we intend to surpass INR 1,000 Cr in Total Transaction Value (TTV), while introducing several new products and bringing more companies to our platform. We’re excited to have Ankit onboard with us and given his strong problem-solving skills and interest to develop long-term relationships with partners, he will play a crucial role with Grip in achieving this scale.”
Commenting on his appointment, Ankit Goyal, said, “Grip is at an exciting phase of its journey, the founders and current team have done a great job in making Grip the best-in-class alternative investment platform and delivering an excellent user experience. At the same time Grip has helped many companies grow by diversifying their capital sources and reducing capital costs. I look forward to embarking on the next phase of this journey. I believe we have a lot to offer to a variety of companies to support their growth”.
The development comes as Grip plans to double down its efforts in hiring talent across business, technology, and human resources. The new-age platform recently concluded a first user-led round, creating a unique opportunity for its users to become shareholders in the company. The funding round, which the company initiated on strong demand from its users, saw Grip secure $1Mn in funding. Moreover, it recently concluded its first employee stock ownership plan (ESOP) buyback within 2 years of inception and saw majority of eligible employees opting to stay vested in the company.
Grip is creating new investment categories through innovative product offerings to retail users. Since its inception in June 2020, the company has scaled rapidly. Grip has built a community of 175,000+ investors, has facilitated the leasing of assets worth INR 175+ crores to 75+ companies such as Udaan, Furlenco, Holisol, Blue Tokai, Faballey, Zypp, IPLTech Electric, etc. The alternative investment platform also facilitated returns of over INR 36 Cr in principle & interest to its active investor community with zero default in payments, the statement said.
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