Wealthtech platform Univest has raised $10 million in a series A funding round led by Bertelsmann India Investments (BII), the strategic investment arm of German giant Bertelsmann SE & Co. KGaA.

Founded in 2022 by Pranit Arora, Vikash Agrawal and Avneet Dhamija, Univest seeks to simplify investment management for retail investors. The platform offers advisory services catering to short-term, medium-term, and long-term investment strategies. It leverages a group of Securities and Exchange Board of India- registered advisors and artificial intelligence-driven tools to provide stock recommendations, portfolio management, and market insights.

Since its inception, the platform has seen over 3 million sign-ups and over 150,000 paying subscribers, driven by an impressive success rate of 85 per cent on profitable calls, with 60 per cent of calls reaching their target prices.

Univest offers paid membership plans that grant access to premium stock recommendations and trading strategies.

Actionable insights

Pranit Arora, Co-Founder and CEO of Univest, said: “Over the past two years, Univest has been on a remarkable growth trajectory, helping millions of investors make confident, informed decisions. With this funding round, we are excited to accelerate our mission to democratise access to high-quality research. The funds will enable us to scale our research-first, full-stack brokerage offering, creating India’s first true stock market super app for retail investors. Our focus will remain on delivering seamless, personalised, and actionable insights that simplify the investment journey for our users.”

By combining human expertise with advanced algorithms and real-time stock screening, Univest delivers timely and reliable trading recommendations. It offers flexible subscription plans across equity, futures, options and commodities for 3, 6, 12 months and 5 year plans.

To date, Univest has raised $3 million from investors, including Trinity Media Group, senior executives from Reliance Industries, and angel investors such as Bella Vita Organic CEO Aakash Anand and Deep Bajaj of Sirona.