Nivesh.com, a Noida, Uttar Pradesh, India-based innovative mass market mutual funds investment platform targeting mainly the highly potential markets in the tier 2 and 3 cities of India, raised an angel funding of undisclosed amount.
– Rahul Gupta, CEO of Right Global Infosolutions and former president at private equity firm Sonoma Management Partners;
– Sandeep Shroff, CEO of Silicon Valley-based MyStartUpCFO.com and former head of investor relations at Infosys, and,
– P V Sahad, founder and former CEO of The VCCircle Network.
The company will use the funds for network expansion, reaching more customers, and improving the investment experience.
Led by Anurag Garg, Founder and Chief Executive Officer, and Sridhar Srinivasan, Co-founder, Nivesh.com is a mass market mutual funds investment platform which simplifies the process by categorizing funds as per broad investment objectives, and further curating schemes to provide a shortlist. After initial account creation, investors can transact in mutual funds in few steps. Post transaction, the platform helps them track the portfolio performance with alerts and notifications.
Nivesh.com is owned by Providential Advisory Services Private Limited. The company was incorporated on 1st August 2016 and commenced operations on pilot basis in January 2017.