Wealthtech Startup Univest Secures $10Mn in Series A Funding

Wealthtech startup Univest has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII), the strategic investment arm of German company Bertelsmann SE & Co. KGaA, along with additional equity capital from Bertelsmann. 

The company plans to create a research-focused stock market super app for retail investors, offering solutions for everything from picking stocks to making timely exits—all on one platform.

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Pranit Arora, Co-founder and CEO of Univest, said, “Over the past two years, Univest has been on a remarkable growth trajectory, helping millions of investors make confident, informed decisions. With this funding round, we are excited to accelerate our mission to democratise access to high-quality research. The funds will enable us to scale our research-first, full-stack brokerage offering, creating India’s first true stock market superapp for retail investors.”

“Our focus will remain on delivering seamless, personalised and actionable insights that simplify the investment journey for our users. We look forward to leveraging this partnership to redefine the brokerage model and establish Univest as the go-to platform for retail investors in India,” he added.

Pankaj Makkar, Managing Director, Bertelsmann India, said, “Current investment solutions predominantly cater to ultra-high-net-worth and high-income segments, leaving over 85% of the market—the retail investors—without access to meaningful advisory services. These investors are left to navigate a fragmented and disjointed investment landscape. Univest’s advisory-led model is uniquely positioned to bridge this gap.”

About Univest

Founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agarwal, Univest is a retail advisory platform that offers general recommendations through its SEBI-registered research entity, Uniresearch. 

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It provides expert trading advice on stocks, derivatives, and commodities. The platform aims to become India's most trusted, research-driven stock market super app, helping retail investors with everything from choosing the right picks to making timely exits—all in one place.

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