Wright Research & Capital raises pre-seed funding

Mumbai: Wright Research & Capital Pvt Ltd, an artificial intelligence-powered investment adviser, on Thursday said it has raised an undisclosed amount in pre-seed funding.

The funds were raised from BSE Institute Limited Ryerson Technology Startup Incubation Foundation, which is supported by the government’s NIDHI Seed Support System, and others.

Singapore-based Innovation Partners Capital and Ajat Hukkoo, director of engineering at US-based Broadcom, also participated in this round.

Wright Research was founded in 2019 by Sonam Srivastava, an IIT Kanpur graduate. The startup, which is registered with the Securities and Exchange Board of India (SEBI), is a quantitative investment manager that uses data and algorithms to invest.