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Zerodha invests $5 Mn in Tijori

EntrackrEntrackr · 2m ago
Zerodha invests $5 Mn in Tijori
Medial

Zerodha invests $5 Mn in Tijori Zerodha has invested $5 million in stock analytics startup Tijori Finance as the brokerage looks to expand its presence in the enterprise segment. Zerodha has pumped $5 million into stock analytics platform Tijori Finance as the Bengaluru-based startup gears up to sharpen its enterprise play and widen its footprint among institutional investors. The deal also deepens Zerodha’s existing partnership with Tijori, which already powers stock analysis for the brokerage’s flagship trading app Kite. According to Tijori founder Siddharth Hegde, the fresh capital will be channeled toward building new tools, scaling server infrastructure and expanding its team. “We have 15,000 paid subscribers at the moment, and this partnership with Zerodha will help strengthen the number in the coming months,” Hegde told Entrackr. While Tijori has largely been a retail-facing platform since its launch in 2016, offering stock research to individual investors for about Rs 500 per month, the company is now accelerating efforts to tap enterprises such as mutual funds, insurers, and asset managers. Subscription pricing for enterprise clients goes up to Rs 5,000. Hegde said that nearly 70% of Tijori’s upcoming product roadmap is now aimed squarely at institutional users, with the remaining 30% reserved for retail investors. A major part of this push is its upcoming AI-driven tool Call Monitor, designed specifically for enterprise customers. The feature automatically generates summaries of quarterly earnings calls within minutes, compressing what is typically a 24–48 hour delay, and flags inconsistencies or contradictions in management commentary and regulatory filings, giving investors an early edge. For retail users, Tijori’s AI-powered Alerts tool delivers real-time updates on WhatsApp, offering instant notifications on corporate filings, results, and other market-moving developments. The company is also deepening its data stack as it eyes a larger enterprise footprint. Tijori said it is aggregating regulatory filings, investor presentations, supply chain data, raw material trends and historic financials to build a more comprehensive intelligence layer for both retail and institutional customers. With Zerodha’s strategic backing and a sharpened enterprise focus, Tijori is positioning itself as a key data intelligence player in India’s fast-evolving public markets ecosystem.

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Exclusive: Zerodha Fund House in talks to raise up to $100 Mn

EntrackrEntrackr · 1y ago
Exclusive: Zerodha Fund House in talks to raise up to $100 Mn
Medial

Stock broking space has turned hyper competitive in the past two years and the players in the space have been diversifying into more investment products. After Groww, launched its own mutual fund, stock broking major Zerodha and Smallcase created a joint venture – Zerodha Fund House – to float an asset management company or a mutual fund in 2023. Now, Zerodha Fund House is eyeing external investment, said three sources aware of the details of the conversation. “They are in preliminary discussions with several investors to raise up to $100 million for the AMC business,” said one of the sources requesting anonymity. For the uninitiated, this would be a first for the Zerodha Group to seek external fundraise ever. The Kamath brothers-owned stock-broking company has been bootstrapped since 2010. “The talks are exploratory in nature and Zerodha Fund House may take months to finalize the deal,” said another source who also wished not to be named as this person isn’t authorized to speak to the media. Zerodha Fund House is managed by an entity named Zerodha Assets Management Private Limited. According to the data sourced from the startup data intelligence platform TheKredible, Zerodha Broking owns 70% of the share capital while the remaining stake belongs to Smallcase. Zerodha Fund House launched its two index funds: Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty Large MidCap 250 Index Fund with a portfolio of 250 Indian companies. The company also launched its Liquid [with an asset under management (AUM) of Rs 311 crore] and Gold ETF with an AUM of Rs 35 crore. According to sources, Zerodha got into the AMC business as it wants to assemble different pieces of wealth management along with its core stock broking business. Queries sent to Zerodha Fund House and Smallcase on Monday didn’t elicit any response. We will update the story in case they respond. The stock breaking space has been witnessing fierce competition with four major players: Zerodha, Groww, AngelOne and Upstox. Groww surpassed Zerodha in terms of users in October last year. Interestingly, all four players were profitable in the fiscal year ending March 2023.

PayU invests $5 Mn in cross border payments startup BRISKPE

EntrackrEntrackr · 1y ago
PayU invests $5 Mn in cross border payments startup BRISKPE
Medial

Cross-border payments platform BRISKPE has raised $5 million in its seed round from PayU, the payments and fintech business of Prosus. The proceeds will be used to drive product development, talent acquisition, and business expansion, the company said in a press release. Founded by Sanjay Tripathy and Vijay Agicha, BRISKPE is primarily designed to meet the unique requirements of micro, small, and medium enterprises (MSMEs). Its solution empowers these businesses to reduce costs, streamline global operations, and boost their global competitiveness. Mumbai-based BRISKPE claims to have a customer base of more than 1,000 exporters and the company is on a mission to simplify global payments, making them cost-efficient, faster, and easy, while ensuring robust tracking and compliance. New-age startups such as Instarem, EximPe, Salt, Skydo and Payglocal are looking to disrupt the cross-border payments space by making this process affordable for smaller merchants. PayU, which recently received in-principle approval from The Reserve Bank of India (RBI) to operate as a payment aggregator, has backed fintech startups like Indiagold, Fisdom, and Dot, among others.

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