Retail advisory platform Univest secures Series A funding to transform the investment landscape in India
Univest, a retail advisory platform offering personalized investment guidance, has successfully raised $10 million in its Series A funding round. Led by Bertelsmann India Investments (BII), this new infusion of capital will enable the startup to expand its reach and refine its offerings to democratize access to high-quality stock market research and brokerage services.
The Series A funding round is a significant milestone for Univest, following an earlier $1.5 million seed round raised from a diverse group of investors, including Trinity Media Group, Akash Anand, and Deep Bajaj. With this fresh capital, Univest aims to strengthen its position in India’s highly competitive retail investment sector by improving its platform and reaching a broader audience.
A Step Closer to Becoming India’s Premier Stock Market App
Co-founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agarwal, Univest has set out to transform the way retail investors approach the stock market. Through its SEBI-registered research arm, Uniresearch, the platform offers expert advice on stocks, derivatives, and commodities. Its goal is to become India’s most trusted stock market super app, offering everything from investment recommendations to timely exits, all in one place.
“Our focus will remain on delivering seamless, personalized, and actionable insights that simplify the investment journey for our users,” said Pranit Arora, CEO and co-founder of Univest. “We look forward to leveraging this partnership to redefine the brokerage model and establish Univest as the go-to platform for retail investors in India.”
Merging Human Expertise with Advanced Technology
One of the key selling points of Univest is its blend of human expertise and cutting-edge algorithms. The platform combines real-time stock screening with expert analysis to deliver timely trading recommendations to users. The result is a streamlined and reliable way for retail investors to make well-informed decisions, backed by the expertise of SEBI-registered analysts.
Univest’s subscription-based model allows investors to choose flexible plans ranging from 3 to 12 months, and even up to five years. The platform offers trading recommendations across equity, futures, options, and commodities. This flexibility is a part of Univest’s mission to make investment advice more accessible and actionable for users, no matter their level of expertise or financial commitment.
Key Features of Univest’s Offering:
- Timely Trading Signals: Investors receive entry and exit signals during live market hours, ensuring they can make decisions in real-time.
- SEBI-Registered Analysts: All advice comes from certified professionals, offering a level of trust and reliability.
- Flexible Subscription Plans: Options for 3, 6, 12, and even 5-year plans cater to various investor needs.
- User-Friendly Interface: Designed to simplify the investing process for both beginners and experienced traders.
Growth and Recognition
Since its launch, Univest has seen impressive growth, attracting over 3 million sign-ups and more than 150,000 paying subscribers. This success can be attributed to its effective use of technology, combined with a user-centric approach that keeps the needs of retail investors front and center.
The platform’s success has also caught the attention of the industry. Recently, Univest was selected for the prestigious Google for Startups Accelerator Cohort 2024. Recognized as one of the top 20 startups in India for its innovative solutions and strong growth potential, this accolade further cements Univest’s place in the competitive retail investment space.
According to the company, the platform boasts an 85% success rate on profitable calls, with 60% of these calls reaching their target prices. This impressive track record of success has helped build trust among its growing user base.
Competing in a Crowded Market
Univest enters a rapidly growing market that includes other prominent players like Liquide, Waya, Tejimandi, Stoxbox, Gapup Club, and INDmoney. However, what sets Univest apart is its focus on combining the expertise of human analysts with advanced algorithms to create a seamless, reliable experience for its users. By doing so, it hopes to offer an experience that both novice and experienced investors can rely on.
This focus on merging human intelligence with tech-driven insights places Univest in a unique position to meet the demands of today’s retail investors. And with its newly acquired funds, the startup is well-positioned to scale its operations and continue attracting users who are looking for a comprehensive, reliable platform for stock market advice.
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