Tuesday, November 5

Tag: nivesh.com

Mutual Fund Marketplace Nivesh.com raises Rs 3 Cr Seed Funding
FUNDING

Mutual Fund Marketplace Nivesh.com raises Rs 3 Cr Seed Funding

Nivesh.com, a mutual fund marketplace has raised a seed funding of Rs. 3 crore through LetsVenture along with Google India MD Rajan Ananadan, former Infosys Head Sales Basab Pradhan and others. The startup has customers across 200 cities and partners over 15 cities and is backed by a clutch of prominent investors that include Debasish Hota, CEO at CompuGain Corporation, Vivek Khare, Advisor Corporate Development at Naukri.com, Windorse Capital and LetsVenture LLC. Anurag Garg, CEO and founder at Nivesh.com said, This investment further cements our belief in the business model. We are witnessing extremely good response from our target audience and working on expanding our geographical footprints. While enriching the user experience, we will also look at strengthening our distribution...
Mutual Fund Investment Platform Raises Seed Fund
FUNDING

Mutual Fund Investment Platform Raises Seed Fund

Nivesh.com, a mass market mutual fund investment platform, today said it has raised angel funding from a group of entrepreneur turned investors. The investors in this round include 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 & others. "The amount raised will be used for network expansion, reaching out to more customers and for improving the investment experience," said Anurag Garg, founder and chief executive, Providential Advisory Services, the Noida-based company which owns Nivesh.com. The company, however, did not disclose the amount it has raised. The platform will adopt an omni channel a...