Univest Raises USD 10 Million from Bertelsmann India Investments
Univest, a SEBI-registered stock market research platform, has raised USD 10 million from Bertelsmann India Investments. The funds will be used to scale its offerings and provide a personalized user experience.
Photograph: Shailesh Andrade/Reuters
New Delhi, Dec 23 (PTI) SEBI-registered stock market research platform Univest has raised USD 10 million (about Rs 85 crore) in a funding round led by Bertelsmann India Investments (BII).
The funds will be deployed towards scaling the Gurgaon-headquartered firm's offerings, while maintaining a focus on delivering personalised user experience, Univest co-founder and CEO Pranit Arora said.
"With this funding round, we are excited to accelerate our mission to democratise access to high-quality research. The funds will enable us to scale our research-first, full-stack brokerage offering, creating India's first true stock market superapp for retail investors. Our focus will remain on delivering seamless, personalised, and actionable insights that simplify the investment journey for our users," he said.
Univest provides expert trading advice across stocks, derivatives, and commodities. Investor users receive entry and exit signals from SEBI-registered analysts, during Live market hours, ensuring timely and accurate decision-making.
It allows users to track and monitor their investments in real-time.
Since its inception in 2022, the platform has reported over 3 million sign-ups and more than 150,000 paying subscribers, according to a company statement.
The company last raised USD 2 million in 2023.
The funds will be deployed towards scaling the Gurgaon-headquartered firm's offerings, while maintaining a focus on delivering personalised user experience, Univest co-founder and CEO Pranit Arora said.
"With this funding round, we are excited to accelerate our mission to democratise access to high-quality research. The funds will enable us to scale our research-first, full-stack brokerage offering, creating India's first true stock market superapp for retail investors. Our focus will remain on delivering seamless, personalised, and actionable insights that simplify the investment journey for our users," he said.
Univest provides expert trading advice across stocks, derivatives, and commodities. Investor users receive entry and exit signals from SEBI-registered analysts, during Live market hours, ensuring timely and accurate decision-making.
It allows users to track and monitor their investments in real-time.
Since its inception in 2022, the platform has reported over 3 million sign-ups and more than 150,000 paying subscribers, according to a company statement.
The company last raised USD 2 million in 2023.
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