Equity investment platform InvestorAi has raised Rs 80 crore in funding led by Lucky Investment Managers founder Ashish Kacholia and his associates, the company said on Thursday.
The Bangalore-based company said funds raised will be used for scaling the business and adding new products.
"InvestorAi raises Rs 80 crore in Series A from ace investor Ashish Kacholia and associates," the company said in a statement.
Founded in 2018, InvestorAi is an AI-powered equity investment platform that uses advanced AI to power stock recommendations for investors.
"We are convinced that India can lead the way and be a showcase for the world on how to use AI technology to create DIY wealth solutions that are simultaneously convenient, engaging, accessible to all and create good investment outcomes.
"We are delighted to have such an incredibly experienced market expert like Ashish Kacholia as an investor and are grateful for his confidence in our vision, our model and our team," InvestorAi Chairman
