Univest, a fintech startup making a sophisticated one resolution for inventory markets, secured funding from angel buyers in its pre-seed part. The fintech platform secured funding value ~3.8 crs, to be utilized in the direction of product launch and crew constructing.
Univest – the brainchild of Pranit Arora and Avneet Dhamija, was began with the objective to enhance ROIs for each inventory market investor by fixing their issues of: Well timed exit from non-performing investments to letting them convert into nice investments inside a jiffy. Univest has constructed a novel one cease resolution for inventory markets which is making the funding journey straightforward, clever, and extra rewarding. The fintech platform was incepted in 2022 with the mission to resolve a crucial drawback confronted by thousands and thousands of shops whereas exiting a inventory funding to make sure most return on funding. The launch marked the discharge of the Univest app 5 days again and has already garnered ~4000 energetic retail buyers.
Having obtained angel investments value 3.8 crs, Univest is already in superior levels of closure of one other spherical, looking for $4 million in its Seed Funding spherical. The present checklist of buyers embrace Pritesh Talwar (CEO, Livpure), Aakash Anand (Founder, CEO, BellaVita Organics), Deep Bajaj and Mohit Bajaj (Co-founders, Peebuddy), Saahil Nayar, Ajay Pawah (Co-founder, Fixigo), Rahul Gambhir (CFO, Brookfield), Chetan Nigam (VP, HCL), Neeraj Goswami, and others.
A survey by Securities & Alternate Board Of India (SEBI) signifies that 95% of Indian households favor investing in Mounted Deposits on account of assured returns, as in comparison with a proportion lower than 10% displaying pursuits in mutual funds and shares. Nevertheless, the post-pandemic period has witnessed a surge in investments within the inventory market, implying a transition in sentiment. Univest affords to information this inhabitants in penetrating inventory markets with an strategy that comes with social analytics, technical indicators, monetary ratios, firm fundamentals, and news-based sentiments that assist customers make the precise selections and get enticing ROIs.
Reflecting on Univest’s journey thus far, Pranit Arora, Co-Founder & CEO, Univest mentioned, “A obtrusive drawback for majority retail buyers is the identification of the precise time to exit a non-performing inventory funding and convert to a greater funding alternative. There’s an abundance of knowledge out there in markets, however the process of being prescient bears its personal challenges. Univest addresses this subject, and has set out on a mission to supply its clients high quality, actionable insights on present portfolios, whereas leveraging the identical information to pinpoint in the direction of new funding alternatives with excessive ROIs. Our objective is to help every particular person investor’s journey in rising their wealth, whereas constructing a group of educated, self-reliant buyers.”
Pranit is the Co-Founder and CEO of Univest, the place he manages progress, advertising and marketing, investor relationships, authorized and finance operations. His expertise spans throughout industries resembling FMCG, disruptive know-how, automotive after-sales and logistics. Pranit brings intensive enterprise technique expertise from working in FMCG gross sales, enterprise improvement, commerce, advertising and marketing, technique, and has headed gross sales, progress and advertising and marketing groups at Otipy and Gomechanic whereas Avneet, the opposite cofounder, has led product monetisation for Bookmyshow previously. At present, they’ve a crew Univest with 21 professionals, together with a Sr. tech chief – Vikash Agarwal, with 17 years of labor expertise because the CTO.
In its first yr of operations post-launch, Univest expects to achieve 3 million customers, with additional plans of enlargement by way of investing in different lessons like commodities, mutual funds, investments in startups and exploring SEA markets like Indonesia.