Total amount raised
$2.2 Millions
Latest funding date
8/1/2022
Location
Liquide has successfully raised pre-seed funding, attracting 18 investors including notable names like Ruchi Kalra and Rohit Chennamaneni. The platform is an AI-enabled wealth advisory app designed to simplify stock investing for mass-affluent individuals in India.
Keep reading to explore the intricacies of Liquide's fundraising journey and the investors backing this innovative platform.
What Is Liquide?
Liquide, founded in December 2021, is an AI-enabled wealth advisory app based in Bengaluru, Karnataka, India. The company was established by Anuj Bajpai and Paritosh Gunjan.
Liquide aims to simplify stock investing for mass-affluent individuals in India by offering a comprehensive solution that integrates with existing brokerage accounts. The platform provides high-quality advisory services using advanced analytics.
With a team of 11-50 employees, Liquide offers services such as portfolio analytics, on-demand research reports, stock suggestions, and small cases, making stock investing accessible and straightforward.
How Much Funding Has Liquide Raised?
- Pre-Seed Round
- Amount Raised: $2.2 million
- Date: August 24, 2022
- Lead Investors: M Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a plug-and-play stock advisory layer to power existing brokerage accounts and enhance equity research and analytics capabilities.
Total Amount Raised: $2.2 million. Current Valuation: Not publicly disclosed.
Key Investors
- M Venture Partners
- Details: M Venture Partners is a Singapore-based venture capital firm. They focus on early-stage investments in innovative startups.
- Investment Focus Areas: Technology, innovative startups, early-stage companies.
- Notable Investments: Various early-stage startups.
- Kunal Shah
- Details: Kunal Shah is the founder of Cred, a fintech company that rewards users for paying their credit card bills on time. He is also known for founding FreeCharge, which was acquired by Snapdeal.
- Investment Focus Areas: Fintech, consumer technology, startups.
- Notable Investments: Cred, FreeCharge.
- Shashvat Nakrani
- Details: Shashvat Nakrani is the co-founder of BharatPe, a fintech company that provides merchants with a single interface for all existing UPI apps and other payment methods. He has played a significant role in the company's rapid growth.
- Investment Focus Areas: Fintech, financial services, technology.
- Notable Investments: BharatPe.
- Suhail Sameer
- Details: Suhail Sameer is associated with BharatPe, where he has been instrumental in scaling the business. He has a background in managing and growing startups.
- Investment Focus Areas: Fintech, financial services, technology.
- Notable Investments: BharatPe.
- Ruchi Kalra
- Details: Ruchi Kalra is a member of the Founders Fund by OfBusiness, a B2B commerce company. She has extensive experience in the financial sector and has been involved in various startups.
- Investment Focus Areas: Various sectors through Founders Fund.
- Notable Investments: OfBusiness.
What's Next for Liquide?
Liquide is poised to capitalize on the burgeoning wealthtech industry, which is projected to grow from $20 billion in FY2020 to nearly $63 billion by FY2025. By developing a plug-and-play stock advisory layer and expanding partnerships with brokers like Zerodha, Upstox, and Groww, Liquide aims to reach 90% of demat account holders in India. Additionally, the company plans to extend its services to NRI investors in countries such as Singapore, the US, and the UK.
Future fundraising opportunities seem promising, given the successful pre-seed round and the ambitious expansion plans. Liquide may attract further investment to support its international growth and enhance its AI-driven advisory services. However, the company will face challenges such as competition from established wealthtech firms, ensuring the accuracy of AI-driven advice, and navigating regulatory requirements in multiple markets.
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