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Savart – A 20 Year Old Boy dream that Storms investment World

3Apr By AnkitaNo Comments

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Savart – A 20 Year Old Boy dream that Storms investment World

If we told you that a 20 year old could be capable of creating a company called Savart and garner over INR 25 crore within 7 months, would you believe us? Most of you would probably not. Of course, you’d be gravely mistaken if you didn’t. Sankarsh Chanda, a 20 year old, is not doing typical 20 year old things. He isn’t fretting over assignments and college attendance, rather he is doing something that impacts the entire investing world. He is the founder and CEO of Savart, an investment research company that aims to make people choose better investment choices, and make better financial decisions as time passes by. So, what exactly is Savart? Combining the best of robo analysis and traditional research, Savart drives customers towards better investment decisions by making the...

Wipro Invested $2 Million in AI Startup Avaamo Inc

Wipro Ltd announced it has invested $2.02 million in Avaamo Inc and picked up a 20% minority stake on a diluted basis in the US-based artificial intelligence computing platform. In a BSE filing, the company stated, “Investment of $2.02 million in this tranche through a fresh infusion of funds into Avaamo.” Reports suggest that the tech giant might convert convertible notes previously issued and add to the initial funding taking the grand total investment to $3.02 million. Soon after announcing its investment in Avaamo Inc., Wipro rose 0.66% to Rs 295.20 on BSE at 9:22 IST. Wipro's consolidated net profit fell 11.85% to Rs 1920.10 crore on 1.82% growth in net sales to Rs 13669 crore in Q3 December 2017 over Q2 September 2017. Avaamo is an artificial intelligence-driven enterpris...

Premji Invest: A Investment group led by Azim Premji

Working quietly since 2006, Premji Invest investment firm has built up positions and funded around 40 publicly listed and private companies out of a corpus of $1 billion (Rs4,290 crore). Yet, its operations are shrouded in secrecy and the firm has consciously avoided building a public profile. Premji Invest is a private equity fund owned by Azim Premji, which manages over $2 billion of Azim Premji's personal wealth by investing in capital markets and picking minority stakes in start-ups, including homegrown e-commerce companies such as Flipkart and mobile payment companies such as Chennai-based Financial Software and Systems. The investment ratio for Premji Invest is analysed as follows: Till date, more than 60% of its total cash have gone in capital markets, buying stocks of firm...