Wealthtech startup Liquide raised $2.2 million in pre-seed funding from investors led by Singapore-based M Venture Partners where Kunal Shah from CRED; Shashvat Nakrani and Suhail Sameer from BharatPe; Ruchi Kalra, Ashish Mohapatra and other members of Founders Fund; Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni from Darwinbox; Pradeep Parameswaran from Uber; Shantanu Deshpande from The Bombay Shaving Company; Rahul Chaudhary and Sidharth Gupta from Treebo; Kunal Suri from SimSim, Siddharth Jayanty from SoftBank; Amitabh Mall from Woolworths; Sandeep Singh, Rajeev Kumar & Sakshi Sinha from Alkem also participated.
Investors can access all of their active broker accounts with Liquide from a single platform. Additionally, it offers information about portfolios of investors, market movements, and exchanges. The money raised will go toward creating a stock advising platform that is plug-and-play. The money will also be utilised to speed up product development and testing and to increase Liquide’s capacity for equities research and analytics. Additionally, it connects investors with SEBI-approved advisors and provides wealth counselling services to customers. The nation’s wealthtech market, which had a value of $20 billion in FY 2020, is predicted to quadruple to about $63 billion by FY 2025, according to a report.