Univest, the AI-driven investment platform, raised USD 1.5 million in a seed round of funding that was led by the US-based Trinity Media group and included business titans McKinsey, Reliance Industries, Tata AIA, Raheja Group, OYO, and Envision Learning from Canada, as well as previous backers who had confidence in the platform.
Pranit Arora, Avneet Dhamija, and Vikash Agrawal founded Univest six months ago. The company helps users identify profitable opportunities in their portfolios based on their investment style. Users of Univest Elite, which offers fixed-high return, low-risk investment plans, can earn up to 12% returns annually and utilise this information to make wise investing choices.
With over 300,000 investors already putting their trust in Univest and having portfolios worth at least 700 crores, the platform has one of the strongest retention rates in the wealth management industry.
Co-founder and CEO of Univest Pranit Arora commented on the fundraising, saying, “The new funds raised will be utilised to strengthen our financial product distribution business and scale up the right talent. Univest has partnered with Faircent to introduce their inaugural low-risk, high-yield investment products on the platform”.
President and CEO of Trinity Media Group, Gurjot Batra, commented on the situation,“I am excited about the platform’s use of cutting-edge AI technology to provide personalised recommendations to help investors exit bad investments and capitalise on high-yield opportunities. We see Univest as a valuable tool for maximising return on investment and avoiding missed opportunities for the retail investors globally. I have high hopes for Univest’s future growth and am thrilled to be a part of their journey”.