Deciml, a micro-investing platform, has raised a bridge funding round aiming to expand its offerings and reach a larger market base. The funding round was led by investors including Zakir Khan, Viraj Sawant, Saurabh Abbi, Abhishek Oswal, Chirag Chetan Gandhi, Hemant Ruprell, Shashank Deshpande, Sandeep Kumar Chawda, Rasiklal R. Thakker, Vinit Pardeshi, and Blaze Management Labs LLP.
Commenting on this, Satyajeet Kunjeer, founder, Deciml said, “We are thrilled to have the support and expertise of such a diverse group of investors and companies in our bridge funding round. Each of our investors brings valuable experience and strategic insight to the table, which will be instrumental as we continue to grow and expand.”
Vinit Pardeshi, investor, said, “Deciml is the new age solution to a long-term mindset, and I am confident that this platform will cater to millions of young people and individuals from tier II Tier III cities, who are trying their first savings product.”
Decimls’ official website put out a statement which read, “This round is an addendum to the pre-Seed round raised in June 2022 of $1 million from strategic investors which include venture capitalists, entrepreneurs, and innovators which include Unnati Labs, Agility Ventures, and MyAsia VC. Other noted names include Gaurav Munjal (co-founder & CEO of Unacademy), entrepreneur and investor Dr. Ritesh Malik, (CTO of Dunzo) Mukund Jha, Raunak Munot (co-founder of Bombay Shaving Company) and Bhuvan Bam. Other noted names such as Ranveer Allahbadia, Raj Shamani, Suhani Shah, Praful Billore, Varun Thakur, Viraj Sheth, and Rohit Raj, and startup advisors like Abhishek Ponia.
The Pune based startup was founded in 2020 by Satyajeet Kunjeer. This fintech platform aims to make investing accessible to everyone, irrespective of people’s income or financial knowledge. Customers can invest small amounts of money in mutual funds, stocks, with no minimum investment requirement.
The platform offers tools to users making it easier for them make informed investment-based decisions by using machine learning algorithms keeping mind in all the risks. The company further plans to use their knowledge, resources, and capital to invest in their new products in order to improve technology.
