Multibagg AI Secures Funding to Revolutionise Equity Research

Multibagg AI has successfully raised Rs 1.5 crore in a pre-seed funding round, led by AJVC. Prior to this, the company had gathered Rs 65 lakh from friends and family, bringing its total financing to Rs 2.15 crore. The new capital will mainly support team growth and product innovation as the firm aims to boost its AI-driven research and analytics capabilities.

Innovative Financial Solutions for Retail Investors

Multibagg AI offers institutional-grade equity research and analytics targeted at retail investors in India via its AI-native platform. The startup aspires to develop a global fintech enterprise in the equity research domain, highlighting this as a multibillion-dollar opportunity.

User Growth and Revenue Milestones

According to the company, it recently surpassed 10,000 users on its platform and recorded over Rs 10 lakh in annual recurring revenue (ARR). The founder and CEO, Aaditya Anand, mentioned that the platform is designed to bridge the gap between the increasing number of retail investors and the scarcity of qualified research professionals.

Platform Performance and User Engagement

Multibagg AI launched its beta version around six months ago. The platform has seen users connect portfolios worth over Rs 5,000 crore and actively engage with its AI assistant for research inquiries.

AJVC’s Continued Support for Startups

Over the last year, AJVC has invested in several early-stage ventures across different sectors. Recent investments include the AI email client Faraday, the fintech startup Chop Finance, the AI-led verification platform TruFides AI, the civic tech initiative Jaagruk Bharat, the consumer brand Mithila Foods, the mobility services startup GaadiMech, the proptech company Iztri, and the sustainability-focused venture Nuyug.