Univest, a Gurugram-based retail advisory platform, has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII). This marks a significant milestone for the startup, which had previously garnered $1.5 million in seed funding from Trinity Media Group, Akash Anand, Deep Bajaj, and other notable investors.
Aiming to Democratize Investment Insights
Univest plans to utilize the new capital to accelerate its mission of democratizing access to high-quality investment research and offering a comprehensive brokerage solution. The company combines human expertise with advanced algorithms to provide retail investors with timely, accurate trading recommendations across stocks, derivatives, and commodities. Through its SEBI-registered RA entity, Uniresearch, Univest delivers expert insights and entry-exit signals during live market hours.
“Our focus remains on providing seamless, personalized, and actionable insights that simplify the investment journey for users. This funding allows us to redefine the brokerage model and establish Univest as the go-to platform for retail investors in India,” said Pranit Arora, Co-founder and CEO of Univest.
A Promising Journey Since 2022
Co-founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agarwal, Univest aspires to become India’s most trusted stock market super app. The platform offers flexible subscription plans for equity, futures, options, and commodities, catering to diverse investor needs. It boasts over 3 million sign-ups, 150,000 paying subscribers, and an 85% success rate in profitable trading calls, with 60% of calls achieving their target prices.
Recognition and Competition
Univest’s innovative approach has earned it a spot in the prestigious Google for Startups Accelerator Cohort 2024, highlighting its potential among India’s top 20 startups. The platform competes with other players in the space, including Liquide, Waya, Tejimandi, Stoxbox, Gapup Club, and INDmoney.
Looking Ahead
With this funding, Univest is well-positioned to reshape India’s retail investment landscape, delivering research first. These user-centric solutions empower investors to make informed decisions and achieve their financial goals.
