InvestorAi, an AI-powered equity investment platform, has raised ₹80 crore in a Series A funding round from Ashish Kacholia, Founder, Lucky Investment Managers and his associates.
The funds raised will be used to scale the business and add new products.
Founded in 2018 by Bruce Keith, Akshaya Bhargava and Sarthak Behura, InvestorAi is an AI product produced by Bridgeweave, a SEBI-authorised firm that is focused on using AI and other advanced technology to revolutionise broking, wealth, and asset management by delivering strong investment solutions that are convenient and accessible.
Its products use cutting-edge AI models and robotics to create stock recommendations for the Indian market.
InvestorAi has over 15 equity baskets with different strategies and some of them are now in their 3rd year, with compelling returns. All baskets have significantly beaten the index in the last 12 months as well as since inception.
InvestorAi products are currently available through some of the most reputed names in the broking industry including HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa and Axis Securities.
Akshaya Bhargava, Chairman and Co-Founder, InvestorAi said, “Sophisticated AI has long been the exclusive preserve of big hedge funds like Renaissance and Citadel. We set up InvestorAi with the vision of bringing this advanced AI technology to retail investors and we pride ourselves in our 3 year track record of delivering strong investment returns that have consistently beaten the index by a big margin. India is an incredible market with its unique digital infrastructure, leading exchange capabilities, digital friendly investor base and a scorching rate of growth in retail investor accounts.”
“We are convinced that India can lead the way and be a showcase for the world on how to use AI technology to create DIY wealth solutions that are simultaneously convenient, engaging, accessible to all and create good investment outcomes. We are delighted to have such an incredibly experienced market expert like Ashish Kacholia as an investor and are grateful for his confidence in our vision, our model and our team,” he added.
Bruce Keith, Co-founder and CEO, InvestorAi, said, “India’s retail investor base is currently around 150 million and growing at 3 million a month. The Indian stock market is expected to reach $10 trillion by 2030 from the current $4.8 trillion market cap. However, only 7% of households’ income is invested in direct equities. This presents a large untapped market opportunity which can be leveraged by use of AI-led equity financing guidance. Our platform, InvestorAi, is the only platform in the Indian market that is multi-product, multi-broker and multi-manager and which also generates its own market-beating content. The AI models that power our platform have been trained using 14 years of stock market data and have delivered market beating returns consistently since 2022. Moreover, our AI models are integrated with a next-generation delivery engine called InvestorAi YouTrade, which provides a one-click experience integrated within the broker’s own mobile or on-line platform.”
Ashish Kacholia, Founder, Lucky Investment Managers, said, “We have been long-term investors in the Indian capital markets and have seen the wealth creation opportunities that it has to offer. InvestorAi’s platforms and the InvestorAi suite of products leverage technology in an innovative way and are directly aimed at helping the new generation of investors in starting their wealth creation journey in one of the fastest and best-performing markets in the world. We believe that InvestorAi’s domain expertise in investments, products, innovative technology and a very experienced team really makes InvestorAi one of the true outliers in the wealthtech segment.”
