Rs 1.2 Cr Pre-seed funding secured by financial advisory platform Cashvisory
In a pre-seed round headed by SucSEED Indovation Fund, Cashvisory, a financial advisory platform, raised Rs 1.2 crore with the help of EvolveX, We Founder Circle, and angel investors Ashok Agrawal, Upasna Koul, and Deepika Asthana.
According to a press release from Cashvisory, the company intends to use the money to implement its go-to-market strategy, which includes providing customized investment portfolios that include stocks, small cases, and the introduction of AI-powered mobile apps.
Arpita Sinha and Utkarsh Chaudhary co-founded Cashvisory in 2020. Unlike traditional investment platforms, Cashvisory is a fully digital DIY platform that takes users on a guided journey while demystifying complex financial concepts through gamification and real-time what-if analysis. It seeks to make high-quality financial advice more accessible and affordable for all professionals by democratizing it.
The Kolkata-based business reported that it has seen a 350% increase in its user base, assisted a number of users in making their first investment, and aims to grow its clientele to 10,000. Among the leading businesses in this sector are FundsIndia, FinEdge, Go4Advisory, and Finbingo.
With an emphasis on early-stage tech seed initiatives, SucSEED Indovation Fund has already made investments in over 65 startups.
