Funding · Financial Services

Jiraaf raises ₹44 crore extended Series B

By Startup Enthusiast · 19 March 2026

What they do

Jiraaf is a fixed income investment platform offering treasury bills, corporate bonds, and venture debt

It raised about ₹44 crore in an extended Series B round led by Aspire Financial, with Accel and others

The company's operating revenue grew 14% to ₹20 crore in FY25 while losses narrowed 17%

Jiraaf is a 5-year-old startup raising an extended Series B round of about ₹44 crore ($4.7 million).
The round totals ₹43.76 crore through the issuance of 47,576 Series B5 CCPS at ₹8,022 each, plus a separate tranche.
Aspire Financial is investing approximately ₹20 crore in this round.
Accel is investing ₹18 crore.
Hindustan Media Ventures is investing ₹5.6 crore through 6,755 Series B4 CCPS and one equity share.
Angel investor Anand Shah is investing about ₹16.7 lakh.

The company has been operating for 5 years (founded September 2021).
Its operating revenue for FY25 was ₹20 crore, up 14% from ₹17.5 crore in FY24.
Losses in FY25 were ₹25.75 crore, down 17% from the previous year.
The previous round was $8.7 million co-led by Accel and Harmony, with Capital A and angels.

Jiraaf is a fixed income investment platform.
It offers products such as treasury bills, corporate bonds, asset leasing, and venture debt.
The company makes money by facilitating these investments, likely through fees or spreads.

Aspire Financial (lead) — Investing approximately ₹20 crore in this round.
Accel (participated) — Investing ₹18 crore; also co-led the previous $8.7 million round.
Hindustan Media Ventures (participated) — Investing ₹5.6 crore through Series B4 CCPS and equity.
Anand Shah (angel) — Angel investor contributing about ₹16.7 lakh.