PickRight Technologies, a marketplace for stock market advisor and investor announced on 22nd July, 2020, that it has bagged USD 175,000 in a seed financing round from several angel investors.
The investors in the funding round includes Madhavi Bollipalli- Managing Executive at Capita Insurance, Satish Bogullu- CEO of Whitestone projects, Vikram Pandya- Director (Fintech) at SP Jain School of Global Management, Vivek Srivatsav- Director of Business Solutions-Singapore, Srinivas Paanem- CEO of Paanem group of investments, Sanjay Mehta-led venture capital firm 100X.VC, Gaurav Gupta- Chief Growth Officer of Ekstep,
The startup claims that the funding amount will be deployed for the marketing & positioning the brand in the market and product development.
Co-founder and CEO of Pickright Technologies, Archana Elapavuluri commented, “Saving smart and investing right is the need of the hour. Enabling through a digital platform and making investments a level playing field for all is what Pickright does. We are working on creating a smart intuitive platform which learns continuously on the user and creates a very dynamic and personalized investment portfolio for users. Our platform is an aggregator for RIAs and other investment platforms.”
About the company
Established in the year 2019 by Mandeep Bhatia and Archana Elapavuluri, strengthened by Siddharth Panjwani who also joined the startup as a co-founder, Pickright is a financial advisory market ecosystem. The company gives advice to investors. It also develops an intelligent platform based on user personalization & matches the user or investor to the appropriate instruments of the investment.
The company launched its first product in March 2020. Talking about the team of Pickright, Technology team is based is Bengaluru while it’s sales and strategy teams are based in Mumbai.
Pickright brings all registered advisers who are experts in every asset class to a single platform. It also generates scorecards recording advisers success in the short term and long term wealth creation.
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