AI based Investment Firm ‘Jarvis Invest’ Raises Seed+ Round Led By Bestvantage Investments

Jarvis, the cutting-edge AI based investment company has closed its latest funding round from Bestvantage Investments and Hem Securities Ltd. The company has raised an undisclosed amount of funds from a group of like-minded and strategic investors who share Jarvis' vision of using artificial intelligence to revolutionize the investment industry.

"We are thrilled with the outcome of this funding round and grateful for the support of our investors," said Sumit Chanda, CEO of Jarvis. "This investment will enable us to further enhance our AI-powered investment platform and provide our clients with even more accurate and efficient investment solutions."

Jarvis has been at the forefront of the AI revolution in the investment industry, leveraging machine learning algorithms to analyze vast amounts of data and provide personalized investment strategies for its clients. With this latest funding round, the company is poised to continue its growth and expand its reach to even more investors.

“With increased adoption of AI, this is the right time for disruption in traditional means of investing. Jarvis model uses 40 million data parameters to generate data backed insights.” said Raman Sharma, CEO and Founder, Bestvantage Investments. 

"We believe that AI has the potential to fundamentally transform the investment industry, and with the support of our investors we are confident and excited to lead the charge to achieve this mission," said Megha Jain, Director, Hem Angels part of Hem Securities Ltd.

About Jarvis

Jarvis is an AI-based investment company that uses machine learning algorithms to analyze vast amounts of data and provide personalized investment strategies for its clients. The company's mission is to democratize access to sophisticated investment strategies and deliver superior returns to its clients. For more information, visit https://jarvisinvest.com/.

About Bestvantage investments:

Bestvantage investments https://www.bestvantageinvestments.com/ is an investment platform that offers one stop solution to all Startups investment needs by offering investors an opportunity to invest in verified startups that are poised to be the unicorns of tomorrow.

Micro-Investing Platform Deciml Unveils Revamped App With More Interactive Features

The app update streamlines micro-investing for increased accessibility and user ease

The new dashboard design allows users to monitor investments in real time and see how their money will actually grow

Aim to boost user engagement through micro-Interactions

Micro-investing and micro-savings platform, Deciml, announced today the launch of a revamped version of its app. The updated app features a new dashboard with a focus on enhanced user experience and interactivity. The new toggle option allows for easy switching between investments and transactions, and the app now features an interactive dial for real-time visualization of investment growth. Additionally, the app's layout has been redesigned for greater simplicity and clarity in understanding the investing process and tracking of money. All the new features were developed in conjunction with feedback from over 1.5 lakh users over a period of several months.

Founded in 2020, the Pune-based company is helmed by CFA Level 2 and experienced entrepreneur Satyajeet Kunjeer, who has been working to push more young Indians towards goal-oriented savings and simplify their entry into the investment ecosystem. And so far, the app has received 1.5 lakhs downloads with a total of ₹20,00,000+ being invested through round-ups, as well as daily investments. 

Commenting on the second consecutive revamp of the app since its inception, Satyajeet Kunjeer, Founder of Deciml, said, "The Deciml team has worked relentlessly for many months, incorporating user feedback and developing new features that prioritize ease-of-use and interactivity. And even after the launch of the revamped app, we continue to have active conversations with our users to get their honest and unbiased feedback on these new features. We are proud to say that our app stands out among other fintech competitor apps in the market. The new dial feature on the dashboard is particularly significant, as it symbolizes the Deciml ethos of small, incremental additions leading to big outcomes. Our goal has always been to encourage more young Indians to start investing, and we believe that these new features will help foster the habit of investing and allow more people to experience the benefits of compounding.”

Deciml is a regulated platform that is accredited by SEBI and AMFI and adheres to their guidelines. They do not collect any data beyond what is mandated by the RBI and/or SEBI and ensure that all data is securely encrypted with 256-bit bank-grade encryption, which is among the highest standards of online security used by banks and other financial institutions.

Starting as a self-funded start-up, Deciml is now supported by a group of strategic investors that includes venture capitalists, entrepreneurs, and innovators such as Unnati Labs, Agility Ventures, and MyAsia VC, and noted names such as Gaurav Munjal, Co-Founder & CEO of Unacademy; Entrepreneur and Investor Dr. Ritesh Malik; CTO of Dunzo, Mukund Jha; Raunak Munot, Co-founder of Bombay Shaving Company, and Bhuvan Bam. The app can be downloaded from the Google Play Store and will soon be available for iOS users as well, making it the only dedicated micro-investing platform on the iOS platform.

About Deciml

Deciml is a micro-investing and micro-savings app that enables young Indians to auto-invest their spare change from online transactions into Mutual Funds. A Pune-based fintech firm, the company was founded in 2020 by CFA Level 2 and experienced entrepreneur Satyajeet Kunjeer with an aim to make investing effortless, set more young Indians onto the path of goal-oriented savings, and make their initiation into the investment ecosystem as simple as possible. Available on Google Playstore and soon to launch on iOS as well, the app enables young Indians to start their investing journey with as little as ₹1 and an inch closer to financial freedom, without having to compromise on their lifestyle.

Website: https://deciml.in/

Playstore download link: https://play.google.com/store/apps/details?id=com.traustast.deciml

ICICIdirect Acquires Multipie, an Investor Community Based Networking Platform

Multipie offers strong content, community and engagement proposition

A great platform to activate and engage with market enthusiasts

Second startup investment by the company, post its investment in Asknbid in Oct 2021

ICICIdirect, one of India’s leading equity houses, today said that it has acquired the startup Multipie, a web and app based networking platform for the investor community which enables them to discuss, exchange ideas and share views on stocks and other investment assets. The transaction involves acquisition of Multipie App, technology, brand, domain name, user base and other related matters.

Multipie App was launched in October 2021 and has been growing at 40%+ month-on-month and enjoys a rating of 4.9 on Playstore and 4.7 on App Store. Within a short period, the Multipie community has grown to be highly engaging on the back of high quality content (newsletters, infographics, blogs etc.) and moderated discussion boards where users gain market insight. The platform is intuitive and socially integrated, enabling users to export content to their social media handles. Users can link their portfolio with the platform, allowing monitoring as well as participating in focused discussions.

Multipie has features like stock discovery ideas, import stock portfolio, content creation with stock tags, user tags with Twitter integration and others. Being social, the platform enables members follow each other and also share their portfolio only with people they chose to. There are a number of other great features in the pipeline, which shall be released over time.

This is the second such investment by ICICIdirect, post its investment in Asknbid, a start-up in the financial gaming space in October 2021, when it picked up a significant minority stake. Founded by two IIT engineers, Asknbid is focused on building algorithmic investing-based technology products. It has created ‘Dstreet Games’, a learning platform that uses engaging experience along with content and community learning to create a practical learning approach. The platform is focused on College Students, Young Professionals (Millennials, Gen Z) + Tier 2/3 Audience.

About ICICI Securities

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.

I-Sec operates www.icicidirect.com, India’s leading virtual financial supermarket, meeting the three need sets of its clients- investments, protection, and borrowing. Through its four lines of businesses -- broking, distribution of financial products, wealth management and investment banking-- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.

I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For details, visit: www.icicisecurities.com