Univest, the AI-driven investment platform raised USD 1.5 million in a seed round of funding led by US-based Trinity Media group, with participation from industry leaders from McKinsey, Reliance Industries, Tata AIA, Raheja Group, OYO, and Envision Learning based in Canada, as well as repeat investors who have expressed confidence in the platform.
Univest was launched six months ago by Pranit Arora, Avneet Dhamija, and Vikash Agrawal. in their portfolios and suggest converting them into lucrative opportunities based on the user's investment style. Univest Elite, which offers fixed-high return, low-risk investment plans, provides users with up to 12 per cent returns per annum and enables them to make informed investment decisions. The platform has one of the best retention rates in the wealth management space, having gained the trust of over 300,000 investors with portfolios worth 700 crores or more already relying on Univest within a short period.
Commenting on the fundraising, Pranit Arora, Co-founder & CEO, Univest, said, “The new funds raised will be utilised to strengthen our financial product distribution business and scale up the right talent. Univest has partnered with Faircent to introduce their inaugural low-risk, high-yield investment products on the platform”.
Commenting on the development, Gurjot Batra, President and CEO, Trinity Media Group said, “I am excited about the platform's use of cutting-edge AI technology to provide personalised recommendations to help investors exit bad investments and capitalise on high-yield opportunities. We see Univest as a valuable tool for maximising return on investment and avoiding missed opportunities for the retail investors globally. I have high hopes for Univest's future growth and am thrilled to be a part of their journey”.