Wealthtech

Wealthtech platform InvestorAi raises Rs 80 crore in Series A Round


AI-powered equity investment platform, InvestorAi, has successfully raised ₹80 crores in a Series A funding round led by prominent investor Ashish Kacholia, Founder of Lucky Investment Managers, along with his associates. The funds will be utilized to scale the business and introduce new products. Positron, a Mumbai-based Consulting and Capital Advisory firm, served as the exclusive advisor for the transaction.

Founded in 2018, InvestorAi is on a mission to leverage AI technology to deliver superior investment outcomes for GenZ, Millennials, and other digital investors. The company’s innovative products employ cutting-edge AI models and robotics to generate stock recommendations for the Indian market. These recommendations are then seamlessly packaged into user-friendly investment solutions, offering a one-click experience that combines recommendation and execution. InvestorAi’s proprietary AI models utilize advanced methods such as computer vision to transform complex financial data into images, significantly enhancing prediction accuracy. Additionally, genetic algorithms and other sophisticated techniques are used to create investment-ready equity baskets, also known as model portfolios.

InvestorAi currently offers over 15 equity baskets, each with distinct strategies, some of which have entered their third year of operation with compelling returns. All baskets have significantly outperformed the index over the past 12 months and since inception.

Commenting on the successful fundraise, Akshaya Bhargava, Chairman and Co-Founder of InvestorAi, stated, “Sophisticated AI has long been the exclusive preserve of big hedge funds like Renaissance and Citadel. We set up InvestorAi with the vision of bringing this advanced AI technology to retail investors, and we pride ourselves in our 3-year track record of delivering strong investment returns that have consistently beaten the index by a big margin. India is an incredible market with its unique digital infrastructure, leading exchange capabilities, digital-friendly investor base, and a scorching rate of growth in retail investor accounts.”

Bhargava further added, “We are convinced that India can lead the way and be a showcase for the world on how to use AI technology to create DIY wealth solutions that are simultaneously convenient, engaging, accessible to all, and create good investment outcomes. We are delighted to have such an incredibly experienced market expert like Ashish Kacholia as an investor and are grateful for his confidence in our vision, our model, and our team.”

Bruce Keith, Co-founder and CEO of InvestorAi, highlighted the immense growth potential of the Indian market, saying, “India’s retail investor base is currently around 150 million and growing at 3 million a month. The Indian stock market is expected to reach $10 trillion by 2030 from the current $4.8 trillion market cap. However, only 7% of households’ income is invested in direct equities. This presents a large untapped market opportunity which can be leveraged by the use of AI-led equity financing guidance. Our platform, InvestorAi, is the only platform in the Indian market that is multi-product, multi-broker, and multi-manager and which also generates its own market-beating content. The AI models that power our platform have been trained using 14 years of stock market data and have delivered market-beating returns consistently since 2022. Moreover, our AI models are integrated with a next-generation delivery engine called InvestorAi YouTrade, which provides a one-click experience integrated within the broker’s own mobile or online platform.”

Expressing his confidence in InvestorAi, Ashish Kacholia, Founder of Lucky Investment Managers, said, “We have been long-term investors in the Indian capital markets and have seen the wealth creation opportunities that it has to offer. InvestorAi’s platforms and the InvestorAi suite of products leverage technology in an innovative way and are directly aimed at helping the new generation of investors in starting their wealth creation journey in one of the fastest and best-performing markets in the world. We believe that InvestorAi’s domain expertise in investments, products, innovative technology, and a very experienced team really makes InvestorAi one of the true outliers in the wealthtech segment.”

InvestorAi’s products are currently available through some of the most reputed names in the broking industry, including HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa, and Axis Securities.

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