Wright Research, an investment advisor powered by AI and quants, has secured $1 million in seed funding from Orios Venture Partners.
The company intends to use these funds to accelerate its entry into institutional fund management, expand its operations, and strengthen its technology stack, as per reported by Business World.
Wright Research is an investment advising and research company that Sonam Srivastava, an IIT Kanpur alumni, founded in 2019. It employs quantitative research and machine learning to provide solid investment options that generate consistent return in all markets.
“The Indian market has myriad opportunities, which come and go dynamically, which is why well-researched and risk-managed quantitative investment strategies can really flourish here. We have seen the power of the rising retail investor in India who increasingly trusts technology. We are committed to providing our investors with an enhanced investment experience powered by quantitative research and a dedicated and transparent approach. We happen to make great strategies that have flourished in the last few years, which helps us in our mission.” Said Sonam Srivastava, Founder, Wright Research.
The organisation boasts of having more than 40,000-lifetime subscribers and about 200 crores in advising assets.
“We are excited to partner with Sonam on her journey to provide a quant based hedge fund approach to retail investors and believe that this represents an extremely sophisticated strategy in investments thus far available only to high ticket size investors. We’re happy to support her in the democratisation of this strategy, which has become a powerful trend in finance due to distribution via digital ecosystems” said Rajeev Suri, Managing Partner at Orios Venture Partners.
The company has released its app to give the greatest experience to the end user and to communicate its distinct message to its target demographic. The brand-new solution offers a complete client experience, from implementation to onboarding, as per reported by Business World.
About Wright Research
Wright Research serves thousands of clients, all of whom are pleased with the company’s excellent performance and trustworthy culture. Retail investors can access the investment goods through robo-advisory portfolios.
Wright also works with organisations as an advisor. Since their beginning, their portfolios have produced great returns. Investors have received 150% returns on their long-only investments since its launch 26 months ago, which is 90% more than the benchmark.