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Online bond investment platform IndiaBonds has raised Rs 32.5 crore ($3.77 million) in its maiden external funding round. The money was raised from a group of individual investors in the investment and technology sectors.
The Mumbai-based company said the funds will be used to accelerate the growth of its digital platform and push efforts to make fixed-income investing more mainstream in India.
“We have raised a friends-and-associates round from a very select set of individuals who are not just contributing capital but will be particularly important…
