Equity Investment Platform InvestorAi Secures $10 Million in Series A Funding
In a significant development in the Indian startup ecosystem, equity investment platform InvestorAi has raised Rs 80 crore (approximately $10 million) in a Series A funding round led by Ashish Kacholia, the founder of Lucky Investment Managers, and his associates.
The funding will be used to scale up the business operations of InvestorAi and develop new products, enabling the platform to further expand its reach and offerings in the Indian stock market.
Founded in 2018, InvestorAi has been leveraging artificial intelligence (AI) models and robotics to provide intelligent stock recommendations to its users. The platform offers a user-friendly experience by bundling recommendations and delivery into a one-click solution, accessible through a vast network of broking partners.
Currently, InvestorAi’s products are available through leading broking firms such as HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa, and Axis Securities. The platform boasts an impressive portfolio of over 15 equity baskets, each with different strategies, and claims to have achieved compelling returns, particularly with some of its baskets in their third year.
One remarkable feature is that all of InvestorAi’s baskets have outperformed the index in both the last 12 months and since their inception, indicating a consistent track record of success.
With this Series A funding, InvestorAi is poised to further accelerate its growth and innovation, solidifying its position as a leading player in the Indian equity investment market.
