Kuvera.in

wealthtech-retailinvestment platforms

FOUNDING YEAR: 2016
LOCATION: India
Last Update: 08/09/2020

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About

Kuvera is in its beta stage and aims to build an online wealth management portal with two guiding principles: bring the latest investment technology at the lowest fees and, help people start investing as early as possible.

MEDICI Analysis

Kuvera is a free investment platform. After analyzing user's financial goals, it recommends the users with a set of direct mutual funds. The platform also monitors the investments and provides periodic advice to users.

Focus

PRODUCTS & SERVICES

Platform to invest in direct mutual funds.

REVENUE MODEL

Subscription service

COMMENT

The expert advice given by Kuvera helps to achieve a secure financial future.

company provided insights

Traction

REVENUE

$0 - $99k

NUMBER OF TRANSACTIONS:

671.00

TRANSACTIONS VALUE:

300 K

ACTIVE USERS:

100+

People

BOARD MEMBERS AND ADVISORS

Rohit Dube

Gaurav Suri

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Ankit Kesarwani

Baskar Subramanian

Baskar subramanian; Saket Kumar; Ankit Kesarwani; Gaurav Suri

Eight Roads Ventures

Gaurav Suri

KEY EMPLOYEES:

Gaurav Rastogi (CEO); Mayank Sharma (CTO); Neelabh Sanyal (COO)

Momentum

FUNDED

YES

TOTAL FUNDING

$5.03 M

DATE OF LAST FUNDING

Apr 2019

TOTAL FUNDING COMMENT

The company is planning to use the fund in growing the technology(March 2018).

SEED & PRIOR FUNDING

$530 K

SEED CLOSED ON

Mar 2016

SEED PRIOR FUNDING COMMENT

Money used for building the technology team, product development and first leg of marketing.

FUNDING SERIES

SERIES A  · $4.5 M  · Apr 2019

LISTED

NO

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Kuvera

About

Kuvera is in its beta stage and aims to build an online wealth management portal with two guiding principles: bring the latest investment technology at the lowest fees and, help people start investing as early as possible.

Focus

PRODUCTS & SERVICES

We are India's friendliest online investment platform. Invest in "Direct Plans" of Mutual Funds and save lakhs of rupees in hidden commissions. www.kuvera.in - All major fund houses. 24 x 7 investing. - Behavioral risk profiling and goal recommendation - Intuitive goal planning and tracking - In-house strategic and dynamic asset allocation strategies

REVENUE MODEL

Subscription service

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

KEY DIFFERENTIATORS

Proprietary Behavioral Risk Profiling Comprehensive Goal Planning One portfolio for many goals Direct plan only platforms - no commissions Leadership team with hands on portfolio management, operations and technology experience

PRIMARY CUSTOMER TYPE

Consumer

PRODUCT ATTRIBUTES

SaaS

Customer facing

STRATEGIC CLIENTS AND PARTNERSHIP

Uber : Financial planning for their driver partners

VantageCircle : Distribution to corporate employees

Traction

ANNUAL REVENUE:

$0 - $99k

NUMBER OF TRANSACTIONS:

671.00

TRANSACTIONS VALUE:

300 K

ACTIVE USERS/ACCOUNTS:

100+ Million

LIVE USERS/TRANSACTIONS:

Yes, in trial/pilot

How will you grow the number of users/accounts/transactions?

Channel partners for corporates and direct marketing

CHANNEL STATUS

INITIAL CLIENTS

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

Our founding team has background in managing money,building customer friendly technology. Together with our advisors we have over 100 years of investment management,financial technology experience. We are alumni of Chicago Booth, IIM - Bangalore,IIT Delhi,have held senior positions at Morgan Stanley, Axis Bank,,Amagi.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
Mar 2016
USD280 K
at a USD2.5 Mvaluation
Comment on Seed
Money used for building the technology team, product development and first leg of marketing.

Comment on Valuation

Post money