Grip Invest Elevates Vaibhav Laddha To CEO

Grip, an investment platform, has expanded its business into fund management and portfolio management distribution services. Grip’s existing suite of investment products, corporate bonds and securitised debt instruments (SDIs) will now also be available for investors seeking to invest via a managed structure.

With this, Grip will now have 3 lines of business - its online investment platform, Grip Invest, and its newly launched SEBI-regulated Alternative Investment Funds (AIF) and Portfolio Management Services (PMS) verticals.

As a part of strategic expansion, Vaibhav Laddha, formerly the Chief Business Officer at Grip Invest, has been elevated to CEO at Grip Invest. In the last 2 years at Grip Invest, he has played a pivotal role in anchoring significant growth initiatives, driving strategic business partnerships, and building newer distribution channels. He also oversaw and delivered an impeccable investor experience, making Grip Invest the most preferred OBPP platform among retail investors.

Nikhil Aggarwal, Founder of Grip, will step into the role of Group CEO at Grip, working closely with Vaibhav as well as overseeing this expansion in business lines. He will also continue to co-lead Electrifi Mobility, a full-lifecycle management platform for EVs co-promoted by Grip.

Commenting on the strategic structuring and new leadership, Nikhil Aggarwal, Founder and Group CEO, Grip, said, “The fund management business is a horizontal expansion which leverages the incredible suite of investment options, especially SDIs, that we have been able to bring to market. Vaibhav has been associated with Grip since before we launched and intricately knows the business. I am fortunate to have a partner in him who not only has a deep strategic acumen, but also has a complete alignment to our vision, and shares the same compass on taking the decisions that matter.”

On his new role, Vaibhav Laddha, CEO, Grip Invest, said, I am excited to lead Grip Invest into its next phase of exponential growth. Our investment products, especially the SDIs, coupled with our continuous innovation to bring an incredibly hassle-free investment experience for retail investors have made us a truly differentiated high-yield investment platform. We have witnessed a 15% month-on-month growth over the last 6 months with growing market share and we are on track to double our business by the end of this financial year.