Highlights
Univest Secures $10 Million in Series A Funding
Retail advisory platform Univest has successfully raised $10 million in a Series A funding round, led by Bertelsmann India Investments (BII). Previously, the startup garnered $1.5 million in seed funding from notable investors including Trinity Media Group, Akash Anand, Deep Bajaj, and others.
The newly acquired capital will be used to expedite its mission to democratise access to high-quality research and to enhance its full-stack brokerage offerings, as disclosed in a press release by Univest.
About Univest
Founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agarwal, Univest serves as a retail advisory platform, providing general recommendations through its SEBI-registered RA entity, Uniresearch. The platform offers expert trading advice across:
- Stocks
- Derivatives
- Commodities
Univest aims to establish itself as India’s most trusted stock market super app, dedicated to addressing the challenges faced by retail investors, from choosing the right investment options to executing timely exits—all on a single platform.
Vision and Commitment
Pranit Arora, co-founder and CEO of Univest, stated, “Our focus will remain on delivering seamless, personalised, and actionable insights that simplify the investment journey for our users. We look forward to utilising this partnership to redefine the brokerage model and position Univest as the preferred platform for retail investors in India.”
Innovative Approach
Headquartered in Gurugram, Univest blends human expertise with cutting-edge algorithms and real-time stock screening, resulting in timely and dependable trading recommendations. The company provides flexible subscription options for:
- Equity
- Futures
- Options
- Commodities
These subscription plans are available in durations of 3, 6, and 12 months, as well as a 5-year plan. Investors benefit from entry and exit signals delivered by SEBI-registered analysts during live market hours, facilitating prompt and precise decision-making.
Acknowledgments and Growth Metrics
Univest has been recognised as part of the prestigious Google for Startups Accelerator Cohort 2024, ranking among the top 20 startups in India for its impactful solutions and significant growth potential. Since its inception, the platform has attracted over 3 million sign-ups and more than 150,000 paying subscribers, boasting an impressive success rate of 85% on profitable calls, with 60% of calls hitting their target prices.
Competitive Landscape
Univest operates within a competitive ecosystem, facing off against other startups such as:
- Liquide
- Waya
- Tejimandi
- Stoxbox
- Gapup Club
- INDmoney