Total amount raised
$12 Millions
Latest funding date
Location
Univest has successfully raised over $13 million in its Series A funding round, led by Bertelsmann India Investments. The platform offers a comprehensive investment solution that identifies portfolio issues and guides users to higher ROI opportunities.
Keep reading to explore the intricacies of Univest's fundraising journey and the investors backing this innovative platform.
What Is Univest?
Univest, founded on March 16, 2022, is headquartered in Gurgaon, Haryana, India. The company was established by Avneet Dhamija, Pranit Arora, and Vikash Agrawal.
Univest offers a comprehensive investment solution that identifies issues in users' current portfolios and guides them to higher ROI opportunities. The platform integrates research, advisory, and execution services, providing tools for information discovery, investments, and tracking.
With a team of 11-50 employees, Univest leverages AI-powered insights and expert-driven advisory services to simplify the investment journey for traders and investors.
How Much Funding Has Univest Raised?
- Pre-Seed Round
- Amount Raised: ₹38M
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and develop its core functionalities.
- Seed Round
- Amount Raised: ₹123.7M
- Date: March 2023
- Lead Investors: Trinity Media Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early development and growth, enabling Univest to attract initial users.
- Series A
- Amount Raised: $10M
- Date: December 2024
- Lead Investors: Bertelsmann India Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and create a comprehensive stock market superapp for retail investors.
Total Amount Raised: $10M + ₹161.7M
Current Valuation: Not publicly disclosed
Key Investors
- Bertelsmann India Investments
- Details: Bertelsmann India Investments (BII) is the strategic investment arm of Bertelsmann SE & Co. KGaA, a German multinational corporation. BII focuses on investing in innovative companies with high growth potential in India.
- Investment Focus Areas: Media, services, education
- Notable Investments: Univest, Pepperfry, Saavn
- Trinity Media Group
- Details: Trinity Media Group is a media and technology investment firm. They participated in Univest's seed funding round, supporting early-stage development and growth.
- Investment Focus Areas: Media, technology
- Notable Investments: Univest
- Akash Anand (Bella Vita Organic)
- Details: Akash Anand is the CEO of Bella Vita Organic, a company specializing in organic and natural beauty products. He is an individual investor who participated in Univest's seed funding round.
- Investment Focus Areas: Consumer goods, organic products
- Notable Investments: Univest
- Deep Bajaj (Sirona)
- Details: Deep Bajaj is associated with Sirona, a company known for its innovative health and hygiene products. He is an individual investor who participated in Univest's seed funding round.
- Investment Focus Areas: Health, hygiene products
- Notable Investments: Univest
- Senior Executives from Reliance Industries
- Details: Senior executives from Reliance Industries, one of India's largest conglomerates, have invested in Univest. Their involvement signifies confidence in Univest's potential.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Univest
What's Next for Univest?
Univest stands at the cusp of a significant opportunity to revolutionize the retail investment landscape in India. With over 3 million signups and 150,000 paying subscribers, the platform is poised to scale its offerings, aiming to create India's first comprehensive stock market superapp. The $10 million Series A funding will be instrumental in enhancing their AI-driven tools and expanding their user base, leveraging the growing confidence in tech-driven stock advisory platforms.
Future fundraising rounds seem likely as Univest continues to demonstrate growth and success. The company may attract further investments to support its expansion and technological advancements. However, challenges such as intense competition, maintaining high success rates, and ensuring regulatory compliance could pose hurdles. Navigating these challenges will be crucial for Univest as it strives to maintain its market position and continue its upward trajectory.
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