Entrepreneur Nirmal Jain’s #IIFLDisrupt To Invest And Partner With Fintech Startups

Financial services conglomerate run by serial entrepreneur Nirmal Jain today announced the launch of #IIFLDisrupt - an initiative to collaborate with Fintech startup ecosystem. IIFL has launched this initiative to invigorate, support and partner with fintech startups at a time when many Indian startups are impacted by fund squeeze and are unable to achieve scale as Covid19 outbreak has weighed on the broad economy in an unprecedented manner.

Nirmal Jain, Founder and Chairman of IIFL Group said, “COVID-19 has disrupted the whole world. The post COVID world will see revolutionary Fintech disruptions. We are keen to partner, invest, collaborate with FinTech startups passionate to disrupt & change the world of finance.”

“We are looking out for fintech startups that can disrupt the existing chain, digitise the process, increase productivity, and boost various aspects of the business.”

The #IIFLDisrupt platform (https://www.iifl.com/fintech/) promises to help startups having a disruptive idea in the following ways – 1 - provide funds, 2 – becoming the first client, 3- give access to mentors. #IIFLDisrupt also invites accelerators and incubators across India to collaborate.

IIFL has raised two seed venture funds of about Rs1000 crore each in the last five years and has made multiple investments in startups including food delivery services firm Box8, conversational artificial intelligence (AI) startupUniphore, digital lending platform NeoGrowth and online fashion marketplace Fynd.