Ashish Kacholia invests in AI-based wealthtech platform

InvestorAi, AI-powered equity investment platform, has announced that it has raised Rs 80 crores in a Series A round from well-known investor Ashish Kacholia, Founder, of Lucky Investment Managers, and his associates. Funds raised will be used for scaling the business and adding new products. Positron, a Mumbai-based Consulting and Capital Advisory firm, was the exclusive advisor to the transaction, according to a press release.

Ashish Kacholia, Founder, Lucky Investment Managers posted on social media platform X mentioning that his new investment is in AI-based stock basket manufacturer InvestorAi which has an outstanding track record of solid returns and is available through several marquee brokers.

“My new investment in AI-based stock basket manufacturer InvestorAi which has an outstanding track record of solid returns and is available through several marquee brokers such as HDFC Securities, Geojit, PL, Axis securities, and at https://starfolio.trendlyne.com/manager/investorAi/…As always, consult your financial advisors and do your own homework before investing,” said Kacholia.

My new investment in AI based stock basket manufacturer InvestorAi which has an outstanding track record of solid returns and available through several marquee brokers such as HDFC Securities, Geojit, PL, Axis securities and at https://t.co/D2R0ictRJe
As always, consult your… https://t.co/IDVV8GA8ar

— Ashish Kacholia (@LuckyInvest_ARK) August 27, 2024

“Sophisticated AI has long been the exclusive preserve of big hedge funds like Renaissance and Citadel. We set up InvestorAi with the vision of bringing this advanced AI technology to retail investors and we pride ourselves in our 3-year track record of delivering strong investment returns that have consistently beaten the index by a big margin. India is an incredible market with its unique digital infrastructure, leading exchange capabilities, digital-friendly investor base, and a scorching rate of growth in retail investor accounts,” said Akshaya Bhargava, Chairman and Co-Founder, InvestorAi.

He added, “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.”

“We have been long-term investors in the Indian capital markets and have seen the wealth creation opportunities that it has to offer. InvestorAi’s platforms and the InvestorAi suite of products innovatively leverage technology and are directly aimed at helping the new generation of investors start their wealth creation journey in one of the fastest and best-performing markets in the world. We believe that InvestorAi’s domain expertise in investments, products, innovative technology and a very experienced team really makes InvestorAi one of the true outliers in the wealthtech segment,” said Ashish Kacholia, Founder, Lucky Investment Managers.

Founded in 2018, InvestorAi has a focused mission to use AI technology to produce winning investment outcomes for GenZ, Millennials, and other digital investors. Its products use cutting edge AI models and robotics to create stock recommendations for the Indian market.

“India’s retail investor base is currently around 150 million and growing at 3 million a month. The Indian stock market is expected to reach $10 trillion by 2030 from the current $4.8 trillion market cap. However, only 7% of households’ income is invested in direct equities. This presents a largely untapped market opportunity that can be leveraged by the use of AI-led equity financing guidance. Our platform, InvestorAi, is the only platform in the Indian market that is multi-product, multi-broker and multi-manager and which also generates its own market-beating content,” said Bruce Keith, Co-founder and CEO, InvestorAi.

He added, “The AI models that power our platform have been trained using 14 years of stock market data and have delivered market-beating returns consistently since 2022. Moreover, our AI models are integrated with a next-generation delivery engine called InvestorAi YouTrade, which provides a one-click experience integrated within the broker’s own mobile or on-line platform.”

InvestorAi has over 15 equity baskets with different strategies and some of them are now in their 3rd year, with compelling returns. All baskets have significantly beaten the index in the last 12 months as well as since inception, said the press release.

According to the press release, InvestorAi products are currently available through some of the most reputed names in the broking industry that including HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa and Axis Securities.