AI-driven equity research startup Multibagg AI has raised Rs 1.5 crore in a pre-seed funding round led by AJVC.
The Bengaluru-based company had earlier raised Rs 65 lakh from friends and family, taking its total funding to Rs 2.15 crore.
The fresh capital will be used to expand the team and further develop the platform’s AI-led research and analytics capabilities.
Multibagg AI is focused on offering institutional-style equity research tools to retail investors through an AI-native product.
Founded by Aaditya Anand in 2023, the platform aims to bridge the gap between the rapid rise in retail market participation and the limited availability of quality research. The startup said it recently crossed 10,000 users and has generated over Rs 10 lakh in annual recurring revenue.
Multibagg AI went live with its beta around six months ago and claims that users have linked portfolios worth more than Rs 5,000 crore on the platform. The company plans to scale its product as it works toward building a global fintech business from India in the equity research space.