Jarvis Invest, India's first AI based equity research & advisory model, has raised a pre-series round of over 1 Million dollar led by BNP Investments LLC, investment consulting and financial services firm.
Mumbai based start-up Jarvis Invest aims to make equity investments feasible to every household, improve its accessibility, provide advisory, and offer technology as a delivery platform. BNP Investments LLC, Dubai, has been investing into various sectors covering education, sports, social development, healthcare and commercial enterprises.
The 2016- established start-up has launched its product JARVIS INVEST in Sep 2019 for customers to avail its advisory facilities by subscribing to its AI based portfolio advisory through the app and web. So far, the company has acquired over 13,000 registered clients and over 250 active distributions partners spread across India.
Sumit Chanda, Founder of Jarvis Invest, said, “JARVIS constructs a client centric customized portfolio and unleashes the power of Artificial Intelligence with Quantitative and Fundamental analysis of equity stocks. We are very bullish about our growth and with this funding from BNP Investments LLC, we foresee global expansion and growth in product portfolio over the next 2 years.”
“Whether you are a private investor who’s decided to go it alone, a fund manager, a discretionary adviser or even a stockbroker, Jarvis can offer the ideal environment for everyone. We intend to back the venture with any capital requirement and aid them to scale exponentially.” said Biswanath Patnaik, CEO, BNP Investment LLC.