Bertelsmann India Leads $10M Series A Funding Round for Univest #news #latestnews
Wealthtech startup Univest has successfully raised $10 million in a Series A funding round, led by Bertelsmann India Investments (BII), alongside contributions from undisclosed angel investors. This funding will be utilized to develop a mobile application tailored for retail investors, focusing on personalized investment recommendations based on financial goals and risk tolerance.
Founded in 2022 by Pranit Arora, Vikash Agrawal, and Avneet Dhamija, Univest aims to simplify investment management for retail investors. The platform combines human expertise with AI-driven tools to deliver stock recommendations, portfolio management, and market insights, achieving an impressive 85% success rate on profitable investment calls.
Since its launch, Univest has amassed over 3 million sign-ups, with 150,000+ paying subscribers, who benefit from flexible subscription plans for equities, futures, options, and commodities. It also offers premium memberships for detailed stock recommendations and trading strategies.
Univest’s latest funding milestone will support its mission to scale its research-first, full-stack brokerage services, positioning itself as India’s first comprehensive stock market super app for retail investors. CEO Pranit Arora emphasized the startup’s dedication to democratizing access to high-quality investment research while delivering seamless, actionable insights.
To date, Univest has raised a total of $3 million from notable investors, including Trinity Media Group and senior executives from Reliance Industries, among others.
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