Star investor Ashish Kacholia invests Rs 80 crore in InvestorAi

AI-powered equity investment platform InvestorAi has raised Rs 80 crore (approx. $10 million) in a Series A round funds round led by Ashish Kacholia, founder of Lucky Investment Managers, and his partners.

The startup will use the capital raised to expand business operations and add new products.

Leveraging AI for investment solutions

Founded in 2018 by Akshaya Bhargava and Bruce Keith, InvestorAi leverages advanced AI and robotics models to generate stock recommendations tailored specifically for the Indian market.

These recommendations are then packaged into easy-to-use investment solutions that combine recommendation and delivery into a one-click user experience.

The startup said its proprietary AI techniques and models use sophisticated methods such as computer vision to convert complex financial data into images (exponentially increasing the accuracy of predictions) and genetic algorithms and other techniques to create investment-ready baskets of stocks (model portfolios).

“Sophisticated AI has long been the exclusive preserve of large hedge funds like Renaissance and Citadel. We created InvestorAi with the vision of bringing this advanced AI technology to retail investors and are proud of our 3-year track record of delivering strong investment returns that have consistently outperformed the index by a wide margin,” said Akshaya Bhargava, President and Co-Founder of InvestorAi.

InvestorAi says its platform features more than 15 baskets of stocks employing a variety of strategies. These baskets have consistently outperformed market indices and have shown attractive returns since their inception, particularly over the past 12 months.

Integration with major brokerage platforms

InvestorAi products are currently integrated with several leading brokerage platforms including HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa and Axis Securities.

“India’s retail investor base currently stands at around 150 million and is growing at a rate of 3 million per month. The Indian equity market is expected to reach $10 trillion by 2030, up from the current $4.8 trillion market cap. However, only 7% of household income is invested in direct equities. This presents a huge untapped market opportunity that can be leveraged by using AI-based equity finance targeting,” said Bruce Keith, who is also the CEO of InvestorAi.

“Our platform, InvestorAi, is the only platform in the Indian market that is multi-product, multi-broker and multi-manager and also generates its own market-beating content. The AI ​​models powering our platform have been trained using 14 years of stock market data and have consistently generated market-beating returns since 2022. Furthermore, our AI models are integrated with a next-generation delivery engine called InvestorAi YouTrade, which provides a one-click experience integrated within the broker’s own mobile or online platform,” Keith added.

What did Ashish Kacholia say?

Ashish Kacholia, Founder, Lucky Investment Managers, said, “We have been long-term investors in the Indian capital markets and have seen the wealth creation opportunities that these have to offer. InvestorAi’s platforms and product suite leverage technology in an innovative way and are directly aimed at helping the next generation of investors kickstart their journey towards wealth creation in one of the fastest-growing and best-performing markets in the world.”

“We believe InvestorAi’s investment expertise, products, innovative technology and highly experienced team truly make InvestorAi one of the true outliers in the wealthtech segment,” Kacholia said.