News on Medial

Wealthtech platform InvestorAi raises Rs 80 Cr in Series A round

Entrackr · 4m

Equity investment platform InvestorAi has raised Rs 80 crore (nearly $10 million) in a Series A round from Ashish Kacholia, founder, Lucky Investment Managers and his associates. The proceeds will be used for ramping up the business and adding new products. Founded in 2018, InvestorAi’s products uses AI models and robotics to create stock recommendations for the Indian market. These recommendations are then packaged into easy-to-use investment solutions that combine recommendation and delivery into a one-click user experience. The startup claims to have over 15 equity baskets with different strategies and some of them are now in their third year, with compelling returns. All baskets have significantly beaten the index in the last 12 months as well as since inception. Its products are currently available in the broking industry that include HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa and Axis Securities.