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Funding · Financial Services

AlphaGrep raises ₹200 crore through debt instruments

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AlphaGrep logo
Date
Company
AlphaGrep
What it does
Quantitative trading and investment firm
Kind
Funding
Amount
₹200 crore
Based in
Gurugram
Sector
Financial Services

What they do

AlphaGrep develops algorithmic trading strategies using advanced mathematics and statistics to trade across global asset classes

What happened

The company raised ₹200 crore through secured, redeemable non-convertible debentures (debt instruments that cannot be converted into equity) with a one-year…

Why it matters

The firm plans to use these funds to enhance its artificial intelligence infrastructure and grow its retail-facing business operations

The details

  • AlphaGrep secured ₹200 crore through the issuance of non-convertible debentures (debt instruments that pay interest but do not grant ownership).
  • These debentures carry a coupon rate (annual interest payment) of 10.5% per annum.
  • The debt instrument has a maturity period of one year.
  • The company intends to list these debentures on the debt segment of the National Stock Exchange (NSE).
  • The capital will be used to strengthen AI and machine learning infrastructure.
  • The funds will also support the expansion of the firm's retail-facing businesses.

The bigger picture

  • This fundraising follows a recent credit rating upgrade to CRISIL A+.
  • The firm has expanded its operations beyond proprietary trading into asset management.
  • AlphaGrep currently operates across India, GIFT City, the UK, and China.

About the business

  • AlphaGrep is a quantitative trading and investment firm.
  • It creates algorithmic trading strategies using advanced statistics and mathematics.
  • The firm trades across all major asset classes on more than 30 exchanges globally.
  • It acts as a market maker and is a top participant by volume on several exchanges.
  • The company employs a team of over 250 members including engineers and scientists.
  • It maintains 10 offices across Asia, America, and Europe.
  • The firm's combined assets under management (AUM) exceed $2 billion.

What happens next

  • Strengthen AI and machine learning infrastructure.
  • Expand retail-facing business operations.

The deal

Type
debt

Founders

  • Mohit Mutreja, Founder

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