Univest secures pre-seed funding of Rs 3.8 Cr

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Univest secures pre-seed funding of Rs 3.8 Cr
Univest secures pre-seed funding of Rs 3.8 Cr

Founded by Pranit Arora and Avneet Dhamija in 2022, Univest is a stock market investment platform for retail investors, which aims to improve ROIs for stock market investor by helping them with timely exit from non-performing investments. It has onboarded around 4,000 active retail investors

Gurugram-based fintech startup Univest raised Rs 3.8 crore in its pre-seed funding round from angel investors, including Pritesh Talwar (CEO, Livpure), Aakash Anand (Founder and CEO, BellaVita Organics), Deep Bajaj and Mohit Bajaj (Co-founders, Peebuddy), Saahil Nayar (Co-founder, IDAM House of Brands), Ajay Pawah (Co-founder, Fixigo), Rahul Gambhir (CFO, Brookfield), Chetan Nigam (VP, HCL), Neeraj Goswami, and others.

The startup will use the funds toward product launch and team building.

Founded by Pranit Arora and Avneet Dhamija in 2022, Univest is a stock market investment platform for retail investors, which aims to improve ROIs for stock market investor by helping them with timely exit from non-performing investments. It has onboarded around 4,000 active retail investors.

The startup is in advance talks to close its seed round, seeking $4 million and is looking to touch three million users soon. It also plans to expand in other classes like commodities, mutual funds, and investments in startups, besides exploring Southeast Asia markets like Indonesia, as per reported by YourStory.

Also readIt is the best time to invest in technology and make it agile

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