Fintech startup Kalpi raises Rs 3.75 Cr Seed funding from Rainmatter Capital

Rainmatter Capital has raised Rs 3.75 crore in a seed funding round for Kalpi, a fintech startup based in Hyderabad.

The team will be strengthened, datasets will be acquired, product capabilities will be enhanced, and distribution across retail and institutional segments will be increased with the new funding.

Ashwar Gupta founded Kalpi in 2025 with the goal of creating a systematic investing platform based on rules for both institutional and retail investors.

Users of the platform can create, test, automate, and implement quantitative investment strategies for mutual funds, stocks, and exchange-traded funds.

Kalpi provides two distinct products: KalpiQuant.com for institutional investors like PMS firms, AIFs, RIAs, brokers, and family offices, and Kalpi.ai for retail investors.

Through broker integrations, the retail platform enables users to build stock baskets, analyze portfolios, and make direct investments. The institutional platform offers tools like risk attribution, factor analysis, backtesting, and portfolio optimization.

The company claims that its platform now provides access to institutional-grade quant infrastructure, which typically costs hedge funds Rs 1-2 crore to build.