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DSP leads $2 Mn seed round in ArthAlpha

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DSP leads $2 Mn seed round in ArthAlpha
Medial

Investment technology firm ArthAlpha has raised over $2 million in a seed funding round led by DSP, with participation from family offices and wealth managers. The proceeds will be utilized to enhance its technological capabilities, scale its data infrastructure, and further develop its investment management offerings in Indian public equities, ArthAlpha said in a press release. Co-founded in 2022 by Rohit Beri and Rohit Jha, ArthAlpha is an investment technology and investment management platform that leverages data-driven insights to empower investors with state-of-the-art investment solutions. The startup specializes in Portfolio Management Services (PMS) and AI-driven investment research. The Bengaluru-based company intends to deliver consistent and superior long-term investment outcomes for its clients. โ€œWith the support of our investors, we are accelerating the development of AI-driven investment research platforms that will empower us to deliver insights and strategies that are not only smarter but also more personalized. As we scale our offerings and broaden our reach, we are excited to lead the charge in transforming investment management for the future,โ€ said Rohit Beri, CEO and co-founder of ArthAlpha. ArthAlpha plans to expand its research team and refine its proprietary algorithms to make more accurate and timely investment decisions. Its strategic focus includes expanding its client base and developing new product offerings within the investment management sector. ArthAlpha integrates technology with investment management to provide data-backed insights and quantitative investment solutions for investors. It also aims to develop a cutting-edge quantitative investment research platform for other investment firms, which will support improved decision-making and deliver enhanced investment outcomes.

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DSP Mutual Fund acquires Volt Money

EntrackrEntrackr ยท 3m ago
DSP Mutual Fund acquires Volt Money
Medial

DSP Mutual Fund has acquired Volt Money, a platform providing instant secured loans against mutual funds, according to three sources aware of the development. โ€œThe two companies were in talks for the past few months and the deal ultimately closed last month. Following the acquisition, Volt Money key team members will join DSP Mutual Fund,โ€ said one of the sources requesting anonymity as talks are private. Volt Money collaborates with lenders and distribution partners to provide instant secured loans with favorable terms. The company offers credit lines ranging from Rs 25,000 to Rs 1 crore, with interest rates starting at 9% and flexible repayment options. Led by Lalit Bihani, Ankit Agarwal, and Bharat Lamba, the firm raised $1.5 million in a Seed round led by Titan Capital and All In Capital, with participation from individuals including Praveen Jadhav of Raise Ventures, Aditi Kothari of DSP Adiko Holdings, Gemba Capital, Kunal Shah of Cred, and Ashish Kehair and Rahul Jain from Nuvama Wealth. Managed by DSP Investment Managers, DSP Mutual Fund offers investment products across equity, debt, hybrid, and international funds. According to sources, the deal did not provide significant returns for investors. โ€œVolt was unable to secure a follow-on round after its seed funding, but this is a reasonable outcome for the founders,โ€ said another source who wished to remain anonymous. Queries sent to Volt Money and DSP Mutual Fund did not elicit responses until publication of the story. Volt Money competes with Quicklends and DhanLap. Last year, fintech unicorn BharatPe also entered the loans-against-mutual-funds space through a partnership with Volt Money.

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