Algobulls, an AI-based investing tech business, raised $2 million in pre-Series A funding headed by Venture Catalysts group, an integrated incubator and a leading early-stage investment platform for companies where DSP Group (160-year-old Indian banking powerhouse), Findoc Finvest by Mr. Hemant Sood and Mr. Nitin Shahi (LetsVenture), Mr. Dishant Milan Parikh (Jainam Broking), Mr. Yuvraj Thakker (BP Wealth & Fort Capital), Mr. Sharath Kumar (ex-MD and CEO India, Tower Research Capital), among other funds and family offices also participated. For new retail entrants, AlgoBulls offers fixed-income securities with annual returns ranging from 7% to 14% that are focused on capital and income preservation through investments in Bonds, NCDs, and G-Secs. Algobulls intends to use the extra money to expand its product line and technological foundation. Users can start investing with AlgoBulls for as little as INR 1,000 thanks to the platform’s speedy settlement options, selection of Bonds/NCDs/G-Secs, and display of a variety of these securities. AlgoBulls, which was acquired organically, states that it currently has more than 25,000 customers.
AI-based investment tech startup Algobulls raised $2Mn in pre-Series A led by Venture Catalysts group
