The founder of Lucky Investment Managers, Ashish Kacholia, and his associates have contributed Rs 80 crore, or almost $10 million, to the equity investment platform InvestorAi in a Series A round.
The money raised will be put toward expanding the company’s product line and accelerating growth.
Established in 2018, InvestorAi generates stock recommendations for the Indian market through the use of AI models and robotics. These recommendations are then combined with delivery into user-friendly investment solutions that only require one click.
The startup states that it has more than fifteen equity baskets with various strategies; some of these have demonstrated strong returns in their third year of operation. Since launch, every basket has outperformed the index both by a considerable margin and in the past 12 months.
Currently, broking companies like HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa, and Axis Securities offer their products.
