InvestorAi secures Rs 80 crore in equity funding from Ashish Kacholia
investment platform InvestorAi has raised Rs 80 crore from stock market investor Ashish Kacholia, founder of Lucky Investment Manager and his associates, the company said in a statement on Thursday.
The newly raised funds will be used to scale up business operations and add new products.
Founded in 2018 by Akshaya Bhargava, Bridgeweave which runs InvestorAi platform is a Sebi-registered research analyst. The platform is aimed at using artificial intelligence and the latest technology to create winning investment outcomes for young millennials who are tech-first investors.
InvestorAi has over 15 equity baskets with different strategies and some of them are now in their third year, said the company in a statement. It added that all these baskets have beaten the index in the last 12 months as well as since inception.
“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 three-year track record of delivering strong investment returns that have consistently beaten the index by a big margin,” said Akshaya Bhargava, Chairman and cofounder, InvestorAi.
Bhargava further added that there is a massive growth opportunity in India given large digital infrastructure, a digital friendly investor base and a rapid growth rate in retail investor accounts.
India is an incredible market with its unique digital infrastructure, leading exchange capabilities,
