Nivesh.com, mutual funds investment platform, has raised $600,000 led by Windrose Capital’s The Next Billion Fund, along with other marquee investors as well. The company was founded by Anurag Garg and Sridhar Srinivasan in 2016.
These funds will be used by the company to attract talent and accelerate growth. It will also utilize the funds to improve its tech platform and build infrastructure.
In a media statement, Anurag Garg, founder & CEO of Nivesh.com, said, “The investment by Windrose Capital in our latest funding round is a validation of our model and a huge boost in our mission to take financial products to the masses. We have seen that people want to invest in products like mutual funds, but don’t know how to go ahead. We, at Nivesh.com, are solving this problem by enabling financial advisors to sell the right products through the platform. We are currently growing at 200 percent annually but are on track to accelerate the growth, and aim to manage assets of Rs 10,000 crore in the next four to five years.”
Nivesh.com is a paperless experience for the investors. The platform simplifies the process by categorizing funds as per broad investment objectives, and further curating schemes to provide a shortlist.