AI-based investment tech startup Algobulls raised $2Mn in pre-Series A led by Venture Catalysts group

December 6, 2022

, By Editorial Team

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AI-based investment tech startup Algobulls raised $2 million in pre-Series A led by Venture Catalysts group, an integrated incubator and a leading early-stage investment platform for startups where DSP Group (160-year-old Indian financial giant), Findoc Finvest by Mr. Hemant Sood and Mr. Nitin Shahi ( LetsVenture), Mr. Dishant Milan Parikh (Jainam Broking), Mr. Yuvraj Thakker (BP Wealth & Fort Capital), Mr. Sharath Kumar (ex-MD and CEO India, Tower Research Capital), among other funds and family offices also participated.

AlgoBulls provides fixed-income securities with annual returns ranging from 7% to 14% for retail in a fixed income marketplace, focusing on capital and income preservation through investments in Bonds, NCDs, and G-Secs for new retail entrants. Algobulls plans to invest the new funds in product offerings and technology infrastructure. AlgoBulls allows users to start investing from as little as INR 1,000 by displaying a variety of Bonds/NCDs/G-Secs to choose from and enabling quick settlements on the tech-driven platform. AlgoBulls, which was acquired organically, claims to have over 25,000 clients as of today.

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AI-based investment tech startup Algobulls raised $2Mn in pre-Series A led by Venture Catalysts group

December 6, 2022

, By Editorial Team

AI-based investment tech startup Algobulls raised $2 million in pre-Series A led by Venture Catalysts group, an integrated incubator and a leading early-stage investment platform for startups where DSP Group (160-year-old Indian financial giant), Findoc Finvest by Mr. Hemant Sood and Mr. Nitin Shahi ( LetsVenture), Mr. Dishant Milan Parikh (Jainam Broking), Mr. Yuvraj Thakker (BP Wealth & Fort Capital), Mr. Sharath Kumar (ex-MD and CEO India, Tower Research Capital), among other funds and family offices also participated.

AlgoBulls provides fixed-income securities with annual returns ranging from 7% to 14% for retail in a fixed income marketplace, focusing on capital and income preservation through investments in Bonds, NCDs, and G-Secs for new retail entrants. Algobulls plans to invest the new funds in product offerings and technology infrastructure. AlgoBulls allows users to start investing from as little as INR 1,000 by displaying a variety of Bonds/NCDs/G-Secs to choose from and enabling quick settlements on the tech-driven platform. AlgoBulls, which was acquired organically, claims to have over 25,000 clients as of today.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Amazon set to launch Prime Gaming in India

Next News

COAI and BIF at odds over OTT app licensing regime

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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