InvestorAi, an AI-powered equity investment platform, has secured Rs 80 crore in funding from stock market investor Ashish Kacholia, founder of Lucky Investment Manager, and his associates. The company announced that the newly raised capital will be utilized to expand business operations and introduce new products.
InvestorAi, founded in 2018 by Akshaya Bhargava, operates under Bridgeweave and is registered with Sebi as a research analyst. The platform leverages artificial intelligence and advanced technology to create successful investment strategies tailored for tech-savvy millennials. The platform currently offers over 15 equity baskets, each following different strategies, some of which have been in operation for three years. According to the company, these baskets have outperformed the market index over the last 12 months and since their inception.
Akshaya Bhargava, Chairman and cofounder of InvestorAi, highlighted the significant growth potential in India, citing the country’s robust digital infrastructure, a tech-friendly investor base, and the rapid increase in retail investor accounts. He emphasized that InvestorAi was established with the goal of making advanced AI technology accessible to retail investors, showcasing a strong three-year track record of delivering superior investment returns.
India, with its growing retail investor base of around 150 million, is experiencing rapid growth, with three million new accounts being added each month. The Indian stock market is projected to reach a market capitalization of $10 trillion by 2030, up from the current $4.8 trillion. Despite only 7% of household income being invested in direct equities, InvestorAi sees a significant opportunity in AI-driven equity financing.
Bruce Keith, cofounder and CEO of InvestorAi, mentioned that their AI models, which have been trained using 14 years of stock market data, have consistently delivered market-beating returns since 2022. He also noted that these models are integrated with InvestorAi YouTrade, a next-generation delivery engine that provides a seamless one-click trading experience within the broker’s mobile or online platform.
The transaction was advised by Positron, a Mumbai-based Consulting and Capital Advisory firm.
