Bertelsmann India Investments (BII) is leading a $10 million Series A funding round for retail advisory platform Univest.
In a previous seed funding round, Trinity Media Group, Akash Anand, Deep Bajaj, and others contributed $1.5 million to the startup.
According to a press release from Univest, the new funding will be used to expedite its goal of democratizing access to top-notch research and offering a full-stack brokerage service.
Pranit Arora, Avneet Dhamija, and Vikash Agarwal co-founded Univest in 2022. It is a retail advisory platform that provides general recommendations through Uniresearch, a RA entity registered with SEBI. It offers professional trading guidance for commodities, derivatives, and stocks. The platform wants to become the most reliable, research-first stock market super app in India, resolving all issues faced by retail investors on a single platform, from making the best investments to exiting on time.
“Our focus will remain on delivering seamless, personalized, and actionable insights that simplify the investment journey for our users. We look forward to leveraging this partnership to redefine the brokerage model and establish Univest as the go-to platform for retail investors in India,” said Pranit Arora, co-founder & CEO of Univest.
In order to provide prompt and trustworthy trading recommendations, the Gurugram-based company claims to integrate human expertise with sophisticated algorithms and real-time stock screening. Flexible subscription plans for 3, 6, and 12 months as well as 5-year plans are available from the company for equity, futures, options, and commodities. In order to ensure prompt and precise decision-making, SEBI-registered analysts provide investors with entry and exit signals during live market hours.
Univest, one of the top 20 startups in India for its significant solutions and enormous growth potential, has been chosen for the esteemed Google for Startups Accelerator Cohort 2024.
Due to its remarkable 85% success rate on profitable calls—60% of which reach their target prices—the platform claims to have attracted over 3 million sign-ups and over 150,000 paying subscribers since its launch.
Other startups like Liquide, Waya, Tejimandi, Stoxbox, Gapup Club, and INDmoney are its rivals in this market.
