[Funding alert] Univest raises pre-seed funding of Rs 3.8 Cr

A group of angel investors invested Rs 3.8 crore in the pre-seed investment round for the fintech platform Univest.

Angel investors including Pritesh Talwar (CEO, Livpure), Aakash Anand (Founder and CEO, BellaVita Organics), Deep Bajaj and Mohit Bajaj (Co-founders, Peebuddy), Saahil Nayar (Co-founder, IDAM House of Brands), Ajay Pawah (Co-founder, Fixigo), Rahul Gambhir (CFO, Brookfield), Chetan Nigam (VP, HCL), Neeraj Goswami, and others participated in the funding round.

The startup will use the new funding for team development and product launch.

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Pranit Arora and Avnit Dhamija founded Univest in 2022, and it provides a distinctive investment ecosystem that enables influencers and investors to find stocks, conduct research, engages in trading, shares information.

“A glaring problem for majority retail investors is the identification of the right time to exit a non-performing stock investment and convert to a better investment opportunity. There is an abundance of information available in markets, but the task of being prescient bears its own challenges. Univest addresses this issue, and has set out on a mission to provide its customers quality, actionable insights on existing portfolios, while leveraging the same knowledge to pinpoint towards new investment opportunities with high ROIs. Our goal is to assist each individual investor’s journey in growing their wealth, while building a community of educated, self-reliant investors”, Pranit Arora, Co-Founder & CEO, Univest said.

The Univest app was released five days before to the launch, and 4,000 active retail investors have already downloaded it.

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About Univest

The best investment platform in India is Univest, which addresses the issues with community-based investing on a worldwide scale and makes investments simple, wise, and rapid. Friends may collaborate on building and executing investing plans on a single platform at Univest.