InvestorAi, a wealth tech platform specializing in AI-driven stock recommendations, has raised Rs 80 crore (approximately $10 million) in its Series A funding round. The investment was led by Ashish Kacholia, founder of Lucky Investment Managers, along with his associates.
The newly acquired funds will be utilized to scale the business and introduce new products to the platform. Founded in 2018, InvestorAi leverages advanced AI models and robotics to generate stock recommendations tailored for the Indian market. These recommendations are seamlessly integrated into easy-to-use investment solutions that offer a one-click user experience, simplifying the process for investors.
InvestorAi boasts a diverse portfolio of over 15 equity baskets, each following different strategies. Some of these baskets are now in their third year and have delivered compelling returns. The startup claims that all of its equity baskets have significantly outperformed market indices over the past 12 months and since their inception.
The platform’s AI-driven products are currently accessible through major players in the Indian broking industry, including HDFC Securities, Geojit, Prabhudas Lilladher, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa, and Axis Securities.
