Venkatachalam to revolutionize investment landscape within mutual fund industry
Hyderabad’s Validus Fintech Services Pvt Ltd validusfintech says the recently secured seed funding from AUM Ventures, an Abu Dhabi Global Market-based India focused VC Fund, and other strategic investors, is for product development, business and market expansion efforts.
Founded in 2022 by Ganesh Venkatachalam, Validus Fintech is building digital market infra for the Investment Management Industry cutting across Mutual Funds, Alternates, PMS, Retirement solutions, corporate markets and more indiafintech .
It seeks to provide a suite of fund administration solutions like recordkeeping and transfer agency services, investor relationships, distribution support, analytics, insights among others fintechfestival .
The goal is to create an “all new market infra with a marketplace approach for integrating a whole new set of stakeholders fintech.global/ ”, Validus said on 17 July.
The secured funds will allow the company to establish a strong presence in a market traditionally dominated by legacy players abudhabichamber.ae/en , it added.
“This funding is a significant validation of our mission to transform the way the asset management industry is serviced and will help us establish a solid market presence fintechnews.ae ,” elaborated Venkatachalam.
“Our platform is crafted to revolutionize the investment landscape by fostering a banking-like ecosystem within the Mutual Fund and Investment Management industry and advancing user experience through innovative technology nse ,” he said.
“The AMC and AIF industries in India have been witnessing staggering growth,” noted Chetan Mehta, Founding Partner at AUM Ventures aumvc while commenting on the investment.
“Current solutions to service these industry verticals are built on old legacy infrastructure and there is a strong need for a new-age digital infrastructure to cater to the demands especially given the growing digital ecosystem bse.
“We are excited to partner with Validus Fintech and its experienced team to enable bringing in a transformative solution for the industry sbi ,” he said.
Validus leads the transformation of Transfer Agency services with a platform-centric model that aligns with contemporary digital demands ibef .
AUM Ventures’ vision is to become early supporters of Indian entrepreneurs building innovative tech/tech-enabled and consumer-focused businesses.
The fund has made some notable investments, such as Skyroot Aerospace (a leading space launch service provider in India), Newme (fastest growing fashion brand for GenZ), Azimuth AI (Custom semiconductor semiconductors ), Globalfair (Global B2B commerce), Dezy (Dental healthcare chain), Svish (Mens hygiene brand) and many more. Fiinews.com
