Investmint aims to make stock markets simple and actionable for everyday investors by offering easy trading and investing products backed by data and a science-driven investment approach.
Its trading and investing app – currently in open Beta with early adopters – is expected to be launched within the next few weeks.
The startup said it will use the funding to expand its product, engineering, and quantitative research teams to build a retail investing product.
Investmint was founded in February this year by Aakash Goel (previously with Headout and Instamojo) and Mohit Chitlangia (previously with Jupiter Money and CommonFloor)
“At Investmint, we are building a product for retail investors and traders who believe in managing their own funds. We are grateful to Nexus Venture Partners and many other early believers and angels for backing our vision,” said Aakash Goel, cofounder & CEO of Investmint.
Discover the stories of your interest
Investmint’s app currently has multiple quantitative models for investing in stocks for long-term baskets, and models to trade on a weekly or daily basis. For advanced traders, it includes models to trade in the futures & options segment.
“The last two years have seen a substantial rise in equity investing in India by retail investors. However, high-quality data models have not been easily accessible to retail and do-it-yourself investors. Investmint has a unique approach and product to make such data models accessible, and we are excited to partner with them,” said Anup Gupta, managing director of Nexus Venture Partners.
For all the latest Technology News Click Here
