Dubai’s BNP Investments supports Mumbai-based startup pre-series fund
Mumbai based start-up Jarvis Invest aims to make equity investments feasible to every household, improve its accessibility, provide unparalleled advisory and offer technology as a delivery platform, using its US$1 million pre-series raised through Dubai-based BNP Investments LLC, which has been investing into various sectors covering education, sports, social development, healthcare and commercial enterprises.
The funds will be raised in expanding technology and operations to develop and launch unique, multiple solutions for addressing the needs of retails investors who are generally devoid from specialized investments products, said Jarvis Invest, India’s first Artificial Intelligence-based Equity Research and Advisory Model registered with SEBI.
The company will also expand their services towards large corporate and financial intermediaries like banks, brokers and wealth management companies in India and abroad.
The 2016-established start-up has launched its product JARVIS INVEST in September 2019 for customers to avail its advisory facilities by subscribing to its AI based portfolio advisory through the app & web. So far, the company has acquired over 13,000 registered clients and over 250 active distributions partners spread across India.
“JARVIS constructs a client centric customized portfolio and unleashes the power of Artificial Intelligence with Quantitative and Fundamental analysis of equity stocks. We are very bullish about our growth and with this funding from BNP Investments LLC, we foresee global expansion and growth in product portfolio over the next 2 years,” Sumit Chanda, Founder of Jarvis Invest, said in a release on 19 Oct 2021.
“Unlike many other execution-only stockbrokers, JARVIS believes in creating personalized solutions for its customers. They have been building a reputation for flexibility and service among a significant number of investors and distributors,” said Biswanath Patnaik, CEO, BNP Investment LLC.
“Whether you are a private investor who’s decided to go it alone, a fund manager, a discretionary adviser or even a stockbroker, Jarvis can offer the ideal environment for everyone. We intend to back the venture with any capital requirement and aid them to scale exponentially.”
With extensive market research and surveys, Jarvis Invest has been successful in finding gaps and further bridging them as impediments for fruitful investments. Jarvis is a platform functioning 24X7, throughout the entire investment cycle, supported with entirely logical biases to enable the investment management process, systematically to uncover and exploit sources of alpha. #investment #banking #technology /fiinews.com
