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Bertelsmann India
SEBI-registered stock market research platform Univest has raised USD 10 million (about Rs 85 crore) in a funding round led by Bertelsmann India Investments (BII). The funds will be deployed towards scaling the Gurgaon-headquartered firm's offerings, while maintaining a focus on delivering personalised user experience, Univest co-founder and CEO Pranit Arora said. "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 superapp for retail investors. Our focus will remain on delivering seamless, personalised, and actionable insights that simplify the investment journey for our users," he said. Univest provides expert trading advice across stocks, derivatives, and commodities. Investor users receive entry and exit signals from SEBI-registered analysts, during Live market hours, ensuring timely and ...
Financial technology startup Skeps has raised USD 9.5 million (about Rs 70 crore) in series A funding round led by Bertelsmann India Investments. Existing investor Accel also participated in this round, the company said in a late-night statement on Tuesday. "The company intends to use the funds to expand the sales, marketing, engineering, and product teams, grow their merchant and lender client base, and broaden services offered to their customers," the statement said. Founded in 2018, Skeps said it has headquarters in India (Gurugram) and the US (New York). "We are excited to welcome Bertelsmann India Investments to the Skeps family for this latest round. With this latest fundraise, Skeps will continue to serve clients by providing them with the next generation in POS financing solutions that can be readily deployed on their merchant site, physical stores, or any partner platform where their customers are shopping, Skeps CEO Tushar Srivastava said. Skeps' platform provides a sui