WealthTech firm Liquide raises $2.2 mn in funding led by M Venture Partners
- ByStartupStory | August 25, 2022
Liquide, a bangalore based startup in the wealthtech sector, has raised $2.2 million in a pre-seed round of funding headed by M Venture Partners based in Singapore.
Participation in the round was seen by Shashvat Nakrani and Suhail Sameer from BharatPe; Ruchi Kalra, Ashish Mohapatra and other members of Founders Fund; Kunal Shah from CRED; Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni from Darwinbox; Shantanu Deshpande from The Bombay Shaving Company; Rahul Chaudhary and Sidharth Gupta from Treebo;Pradeep Parameswaran from Uber;Kunal Suri from SimSim, Siddharth Jayanty from SoftBank; Sandeep Singh, Rajeev Kumar & Sakshi Sinha from Alkem;Amitabh Mall from Woolworths.
Founder and CEO of Liquide, Anuj Bajpai said,“Over 2 Mn retail DEMAT accounts have been added since 2020. The majority of these new investors are below 34 years of age and have limited understanding of stock markets. We want to guide investors with our research and become the de facto reference point for their retail equity investments,”.
The funds raised will be used to create a stock advising platform that is plug-and-play. The funds will also be utilised to speed up product development and testing as well as expand Liquide’s skills in equities research and analytics.
Liquide plans to expand into six nations: Australia, Singapore, the United States,United Arab Emirates, Canada, and the United Kingdom.Liquide also claims to have six brokers on board and has expansion plans for its network in the coming months.
With over 35K people who have downloaded their mobile app so far Additionally, LiMo, an AI chatbot, has been released,the company claimed.
It contends with wealthtech businesses like Wealthy and IndMoney in the Indian wealthtech market.
About Liquide
The banglore based startup Liquide was founded in 2021 by IIT, IIM and BITS Pilani graduates –Anuj Bajpai, Paritosh Gunjan, Aniket Shirke and Kunal Ambasta, the startup provides information about portfolios of investors, market movements, and exchanges. Additionally, it offers investors wealth consultation services, linking them with SEBI-recognized consultants in the process. The founding members of Liquide have extensive industry knowledge. Before starting their own company, the founders had executive positions with MNCs like McKinsey, Samsung, Momspresso, Crayon Data, HSBC, PWC, ZS Associates, Castlight, and Wipro.
Follow Startup Story
Credit: Source link
Comments are closed.