• FOUNDING YEAR: 2012
    LOCATION:
    India
    REGION:
    Karnataka
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Investing platform to purchase a basket of pre-select mutual funds (Equity, Debt and Tax savings). Helps the customers get rid of confusions created by too many investment choices.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
First-time investors and young earners looking for better ROI.
EXISTING PARTNERSHIPS:
No tie-ups or partnerships with Asset Management Companies in order to get rid of bias and influences.
COMMENT
Unbiased scientific algorithms for selecting mutual funds which reduces the cost of exit load and minimize the impact of taxes.

PEOPLE

FOUNDERS:
Sanjiv Singhal
Board Members and Advisors:
Sanjiv Singhal, Ashok Kumar E R
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Accel Partners, Angel Investors Network, Axcel Partners, Balakrishna Adiga, Deep Kalra, H S Nagaraja, Mohit Gupta, NuVentures, Omidyar Network, Rajesh Magow, Sharik Sharma, Srinivasan Subramanian

TRACTION

VALUATION / MARKET CAP:
$16.67 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$2.5 Millions
DATE OF LAST FUNDING:
Jun 2016
FUNDING SERIES:
SERIES A
$2.5 Millions Closed:
SERIES B
dwwkurlabx Closed: Jun 2016
COMMENTS
SERIES B : Undisclosed amount raised
LISTED:
NO

LATEST RESEARCH