Wealthtech startup Liquide raised $2.2 million in pre-seed led by Singapore-based M Venture Partners where Kunal Shah from CRED; Shashvat Nakrani and Suhail Sameer from BharatPe; Ruchi Kalra, Ashish Mohapatra and other members of Founders Fund; Chaitanya Peddi, Jayant Paleti and Rohit Chennamaneni from Darwinbox; Pradeep Parameswaran from Uber; Shantanu Deshpande from The Bombay Shaving Company; Rahul Chaudhary and Sidharth Gupta from Treebo; Kunal Suri from SimSim, Siddharth Jayanty from SoftBank; Amitabh Mall from Woolworths; Sandeep Singh, Rajeev Kumar & Sakshi Sinha from Alkem also participated.
Investors can use Liquide to access all of their existing broker accounts from a single platform. Furthermore, it provides insight into investors’ portfolios, market trends, and bourses. The funds raised will be used to develop a plug-and-play stock advisory platform. The funds will also be used to expand Liquide’s equity research and analytics capabilities, as well as to accelerate product development and testing. It also offers wealth consulting services to investors, connecting them with SEBI-approved advisors. According to a report, the country’s wealthtech industry, which was valued at $20 billion in FY2020, is expected to triple to nearly $63 billion by FY 2025.
