InvestorAi, an AI-powered equity investment platform, has raised Rs 80 crore from stock market investor Ashish Kacholia, founder of Lucky Investment Manager, and his associates, according to a statement on Thursday.
The company plans to use the new funds to scale up business operations and introduce new products.
Founded in 2018 by Akshaya Bhargava, Bridgeweave operates the InvestorAi platform and is a Sebi-registered research analyst. The platform uses artificial intelligence and advanced technology to deliver successful investment outcomes for young, tech-savvy millennials.
InvestorAi offers over 15 equity baskets with different strategies, some of which are now in their third year. The company noted that all these baskets have outperformed the index in the last 12 months and since their inception.
“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 three-year track record of delivering strong investment returns that have consistently beaten the index by a big margin,” said Akshaya Bhargava, Chairman and cofounder, InvestorAi.
Bhargava also highlighted the significant growth opportunity in India, given the country’s sizeable digital infrastructure, tech-friendly investor base, and rapid growth in retail investor accounts.
India is an exceptional market with its unique digital infrastructure, leading exchange capabilities, and rapidly growing retail investor base. The retail investor base in India is currently around 150 million, increasing by three million each month, and the Indian stock market is projected to reach $10 trillion by 2030 from its current $4.8 trillion market cap.
With only 7% of household income currently invested in direct equities, InvestorAi sees a huge opportunity in AI-led equity investment guidance.
Adding to this, 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, says, “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.”
Positron, a Mumbai-based Consulting and Capital Advisory firm, acted as the exclusive advisor for the transaction.
