Retail advisory platform Univest has raised $10 million in a Series A funding round, with Bertelsmann India Investments (BII) as the lead investor. This follows an earlier $1.5 million seed funding round backed by Trinity Media Group, Akash Anand, Deep Bajaj, and others.
Univest plans to use the fresh capital to advance its mission of democratizing access to high-quality financial research and launching a full-stack brokerage offering, according to the company’s statement.
Founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agarwal, the Gurugram-based platform offers investment insights and trading recommendations.
The company operates its SEBI-registered research arm, Uniresearch, providing data-driven advice on stocks, derivatives, and commodities.
Univest aims to become India’s leading research-focused stock market app, addressing retail investor needs through a unified solution.
“Our goal is to simplify investment journeys with seamless, personalized, and actionable insights. This funding will strengthen our efforts to redefine the brokerage model,” said Pranit Arora, Co-Founder & CEO.
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– Mindgrove Technologies Raises $8M in Series A Funding
– Univest has received significant recognition, being selected for the Google for Startups Accelerator Cohort 2024 and recognized as one of India’s top 20 startups for its innovative approach.
Since its launch, Univest claims to have achieved over 3 million sign-ups and amassed more than 150,000 paying subscribers.
The platform highlights an impressive success rate of 85% on profitable calls, with 60% achieving their target prices, underscoring its ability to deliver reliable and impactful financial solutions.
