Signal-based trading platform Investmint raises $2 Million in seed funding led by Nexus Venture Partners

• New funding can be used to increase product, engineering & quantitative analysis groups
• Investmint app, presently in beta, can be extensively launched in subsequent few weeks

BENGALURU, India, Oct. 18, 2022 /PRNewswire/ — Investmint, a signal-based do-it-yourself trading and investing platform for retail buyers, introduced that it has raised $2 Million in seed funding led by Nexus Venture Partners, with participation from different distinguished angel buyers. Investmint’s imaginative and prescient is to make inventory markets easy and actionable for on a regular basis buyers by providing simple trading and investing merchandise backed by a knowledge and science pushed funding strategy. The firm’s Investmint trading and investing app – which is presently in open Beta with early adopters – can be extensively launched throughout the subsequent few weeks. The new funding can be used to increase its product, engineering, and quantitative analysis groups to create a world-class retail investing product.

Today, there are roughly 100 million demat accounts in India and the quantity has doubled in the final 3 years. The knowledge and science pushed funding strategy has been efficiently used by refined institutional buyers, however has not been out there to retail or DIY buyers. Investmint goals to democratize these methods and be the de-facto platform the place retail buyers can take assured investing selections and take part systematically to handle their very own cash with the assistance of data-backed indicators, lively investing instruments, and an lively group. The app presently has a number of quantitative fashions for investing in shares utilizing long run baskets, in addition to fashions to commerce actively on a weekly or every day foundation. For superior merchants, it consists of fashions to commerce in the Futures & Options section systematically and scientifically.

Investmint was based in February 2022 by Aakash Goel (beforehand with Headout and Instamojo) and Mohit Chitlangia (beforehand with Jupiter Money and CommonFloor) who include important expertise having based earlier start-ups. The core group additionally embrace Sandeep Rao (previously with CapitalMind) who heads quantitative analysis at Investmint.

Commenting on the funding, Aakash Goel, Co-founder & CEO, Investmint, stated, “At Investmint, we are building a game changing product for retail investors and traders who believe in managing their own funds themselves. We are grateful to Nexus Venture Partners as well as many other early believers and angels for backing our vision.”

Anup Gupta, Managing Director, Nexus Venture Partners, added, “The last two years have seen a substantial rise in equity investing in India by retail investors. However, high quality data models have not been easily accessible to retail and do-it-yourself investors. Investmint has a unique approach and product to make such data models accessible in a manner that is easy to understand and track, and we are excited to partner with them in this journey to catalyse retail participation in stock markets.”

About Investmint

Investmint goals to democratize data-driven, do-it-yourself investing for retail buyers throughout fairness and different alternate traded asset-classes. The firm provides easy-to-use investing and trading instruments that permit buyers to take assured funding selections, take part systematically in the markets, and handle their cash with the assistance of data-backed indicators, lively investing instruments and an lively group. Founded by Aakash Goel and Mohit Chitlangia, Investmint’s mission is to make inventory markets easy, actionable and worthwhile for every type of retail buyers, regardless of their profile or most well-liked asset-classes. For extra data, www.investmint.membership

Photo: https://mma.prnewswire.com/media/1923575/Investmint_Co_Founders.jpg

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