Univest, a Gurugram, India-based company that provides an AI-driven investment platform, raised $1.5 million in seed funding.
The round was led by the US-based Trinity Media Group, with participation from industry leaders such as McKinsey, Reliance Industries, Tata AIA, Raheja Group, OYO, Canada’s Envision Learning, and repeat investors also participated in the round.
"The new funds raised will be utilized to strengthen our financial product distribution business and scale up the right talent. Univest has partnered with Faircent to introduce their inaugural low-risk, high-yield investment products on the platform," said Pranit Arora, co-founder, and CEO, Univest.
Univest Elite is a platform that presents users with investment plans that are low-risk and fixed-high return, offering up to 12% returns per annum while providing the necessary tools for informed investment decisions.
Its AI-driven investment platform assists users in making timely exits from underperforming stocks, provides investment ideas based on their preferred investment style, and offers opportunities for investment across various asset classes.
Company: Univest Communication Technologies Pvt Ltd
Raised: $1.5M
Round: Seed Round
Funding Month: March 2023
Lead Investors: Trinity Media Group
Additional Investors: McKinsey, Reliance Industries, Tata AIA, Raheja Group, OYO, and Canada’s Envision Learning
Company Website: https://univest.in/
Software Category: Investment Platform
About the Company: Founded in 2022 by Pranit Arora and Avneet Dhamija, Univest is an investment platform that addresses the needs of investors by identifying issues in their current portfolios, providing guidance on investment opportunities, and facilitating the achievement of higher returns on investment. Univest offers a comprehensive investment solution, identifying portfolio issues and guiding users to higher ROI opportunities. The company aims to improve ROIs for stock market investors by helping them with a timely exit from non-performing investments.
Source: https://www.entrepreneur.com/en-in/news-and-trends/univest-raises-15-million-in-seed-funding-round/447810