AI investment platform InvestorAi raises Rs 80 crore in Series A funding

InvestorAi, an AI-powered equity investment platform, has raised Rs 80 crore of funding in the Series A round from Ashish Kacholia, Founder, Lucky Investment Managers and his associates, according to a company's statement.

Founded in 2018, InvestorAi is an equity investment platform that uses advanced AI to provide stock recommendations for investors. these recommendations are then packed into investment solutions that combine stock recommendations and delivery into a one-click user experience. The company's products are available to investors via broking firms like HDFC Sec, Geojit, PL, JMFS, Yes Sec, and Axis Sec, among others.

The funds raised in the Series A round will be used for scaling the business and developing new AI products, the company said. 

Ashish Kacholia, Founder, of Lucky Investment Managers, says, “We have been long-term investors in the Indian capital markets and have seen the wealth creation opportunities that it has to offer. InvestorAi’s platforms and the InvestorAi suite of products leverage technology in an innovative way and are directly aimed at helping the new generation of investors to start their wealth creation journey in one of the fastest and best-performing markets in the world. We believe that InvestorAi’s domain expertise in investments, products, innovative technology, and a very experienced team really makes InvestorAi one of the true outliers in the wealth tech segment.”

Akshaya Bhargava, chairman and co-founder of InvestorAi said, "Sophisticated AI has long been the exclusive preserve of big hedge funds like Renaissance and Citadel. We set up InvestorAi with the vision of bringing this advanced AI technology to retail investors and we pride ourselves in our 3-year track record of delivering strong investment returns that have consistently beaten the index by a big margin. India is an incredible market with its unique digital infrastructure, leading exchange capabilities, digital-friendly investor base, and a scorching rate of growth in retail investor accounts.”

Adding to this, Bruce Keith, co-founder and CEO of InvestorAi, said, “India’s retail investor base is currently around 150 million and growing at 3 million a month. The Indian stock market is expected to reach $10 trillion by 2030 from the current $4.8 trillion market cap. However, only 7% of households' income is invested in direct equities. This presents a largely untapped market opportunity which can be leveraged by use of AI-led equity financing guidance." 

InvestorAi's CEO claims that the AI models that power their platform have been trained using 14 years of stock market data and have delivered market-beating returns consistently since 2022. Moreover, their AI models are integrated with a next-generation delivery engine called InvestorAi YouTrade, which provides a one-click experience integrated within the broker’s own mobile or online platform.” while adding that all their baskets have beaten the index in the last 12 months as well as since their inception.