Investmint, a signal-based do-it-yourself trading and investing platform for retail investors, announced that it has raised $2 Million in seed funding led by Nexus Venture Partners, with participation from other prominent angel investors.
The new funding will be used to expand its product, engineering, and quantitative research teams to create a world-class retail investing product, a statement said.
Investmint was founded in February 2022 by Aakash Goel (previously with Headout and Instamojo) and Mohit Chitlangia (previously with Jupiter Money and CommonFloor) who come with significant experience having founded previous start-ups. The core team also include Sandeep Rao (formerly with CapitalMind) who heads quantitative research at Investmint.
Commenting on the funding, Aakash Goel, Co-founder & CEO, Investmint, said, “At Investmint, we are building a game changing product for retail investors and traders who believe in managing their own funds themselves. We are grateful to Nexus Venture Partners as well as many other early believers and angels for backing our vision.”
Anup Gupta, Managing Director, Nexus Venture Partners, added, “The last two years have seen a substantial rise in equity investing in India by retail investors. However, high quality data models have not been easily accessible to retail and do-it-yourself investors. Investmint has a unique approach and product to make such data models accessible in a manner that is easy to understand and track, and we are excited to partner with them in this journey to catalyse retail participation in stock markets.”
