Tuesday, July 16, 2024
Outlook.com
Outlook India
Outlook Business

AI-Based Investment Firm Jarvis Invest Raises Fund From Bestvantage Investments

The company has raised an undisclosed amount of funds from a group of like-minded and strategic investors

AI-Based Investment Firm Jarvis Invest Raises Fund From Bestvantage Investments
Team Jarvis Invest
POSTED ON May 17, 2023 1:02 PM

Jarvis, the cutting-edge AI-based investment company has closed its latest funding round from Bestvantage Investments and Hem Securities Ltd. 

The company has raised an undisclosed amount of funds from a group of like-minded and strategic investors.

According to a statement, Jarvis will expand its reach to more investors. Additionally, the investment will help them to focus on its growth strategy. 

"We are thrilled with the outcome of this funding round and grateful for the support of our investors," said Sumit Chanda, CEO of Jarvis. 

"This investment will enable us to further enhance our AI-powered investment platform and provide our clients with even more accurate and efficient investment solutions," he added.

“With the increased adoption of AI, this is the right time for disruption in traditional means of investing. Jarvis model uses 40 million data parameters to generate data-backed insights,” claimed Raman Sharma, CEO and Founder of Bestvantage Investments.

"We believe that AI has the potential to fundamentally transform the investment industry, and with the support of our investors we are confident and excited to lead the charge to achieve this mission," noted Megha Jain, Director of Hem Angels.

  • Related Articles

    In terms of the number of deals, April 2023 recorded 49 transactions, which is a 55 per cent decline compared to the year-ago period and 32 per cent lower when compared with March

    PE, VC Investments Almost Flat At $7.4 Billion In April: Report

    The company has allocated Rs 50 crore ( $6 million) towards global expansion for the next 12 months and plans to hire 600 freshers from Kerala in 2023 to meet the robust project line and the demand...

    Kerala-Based Experion Technologies To Expand International Operations

    The Gurgaon-based start-up partnered with ICICI Bank for the service

    Deepinder Goyal-Led Food Tech Start-Up Zomato’s UPI Service Goes Live