SEBI Registered Investment Firm Upside AI Raises Funding $1.2M In Seed Round Led By Endiya Partners
- ByStartupStory | June 21, 2021
SEBI registered investment management startup, Upside AI raises funding $1.2M led by VC fund, Endiya Partners , the round also saw participation from other investors including Vijay Kedia, veteran stock market investor; Ajay Nanavati, Chairman of Quantum Advisors, previously Chairman of Syndicate Bank, MD of 3M; and Gopichand Katragadda, CEO of Myelin Foundry, ex-CTO of Tata Group. This investment company uses machine learning and fundamental analysis to invest in the Indian stock market.
Upside AI raises funding to build a robust pipeline of differentiated tech products and a network of large distributors, wealth managers, brokers, and IFAs. Atanuu Agarrwal, Cofounder, Upside AI, said in regard to Upside AI raises funding, “Over the next couple of years, we want to add 1,000 HNIs, family offices, and institutional clients and grow to Rs 1,000 crore AUM. We believe the funding and guidance from Endiya and our esteemed angel investors will propel us towards this milestone.”
Further, Sateesh Andra, Managing Director, Endiya, stated about the investment, “Upside AI has already attracted marquee clients ranging from large family offices, VCs, CEOs of large MNCs in India and the US on the back of unique investment tech that the team has built in-house and extensively tested.”
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