<ul><li>Univest, a wealthtech platform, has raised $10m in a Series A funding round led by Bertelsmann India.</li><li>The company plans to introduce an advisory-first brokerage platform under a new entity named Univest Broking.</li><li>It's another subsidiary is Uniresearch, which specialises in research and analysis. </li><li>Founded in 2019 by Arora, Vikash Agrawal and Avneet Dhamija, Univest simplifies investment management for retail investors.</li><li>It offers advisory services catering to short-term, medium-term, and long-term investment strategies.</li><li>Since its inception, the platform has attracted over three million sign-ups.</li><li>Univest offers paid membership plans that grant access to premium stock recommendations and trading strategies.</li><li>In the fiscal year ending March 2024, the company reported a revenue of Rs 10.1 crore, while its net losses stood at Rs 9.8 crore.</li><li>Bertelsmann India is a sector-agnostic venture capital fund focusing on series A to C investments.</li><li>To date, it has backed companies like Shiprocket, Eruditus, Licious, Nat Habit, Lendingkart, and Rupeek.</li></ul>

Wealthtech platform Univest raises $10 million in Series A round from Bertelsmann India

Discover more