Tag: AJVC

Finanjo, a Jaipur-based personal finance startup, has raised ₹1.5 crore in a pre-seed funding round led entirely by early-stage venture fund AJVC, headed by Aviral Bhatnagar.

The fresh capital will be deployed towards product development, strengthening Finanjo’s AI assistant Jo, enhancing decision intelligence, and expanding goal-based planning and credit optimisation features.

The startup will also invest in Account Aggregator (AA) infrastructure, team hiring across product and engineering, user acquisition through partnerships, and regulatory readiness for future financial product integrations.

Founded by Prithviraj Singh Chauhan and Pankaj Singh Chauhan in 2025, Finanjo is a behaviour-first personal finance platform focused on young Indian users. The founders are also known for co-founding the YouTube channel Backstage with Millionaires, which covers Indian startups and entrepreneurship.

Finanjo leverages India’s Account Aggregator framework and artificial intelligence to give users a consolidated, real-time view of their savings, spending, investments, and liabilities, along with data-backed financial guidance.

Within a few weeks of launching its beta version, Finanjo crossed 5,000 user sign-ups and now sees close to 500 users active daily. The platform has connected savings worth over ₹25 crore and has begun generating income through fixed deposit and mutual fund referral commissions.

Gurugram-based market intelligence startup Mindcase has raised ₹1.5 crore in a pre-seed funding round led by early-stage venture capital firm AJVC.

The fresh capital will be used to scale Mindcase’s self-serve SaaS platform, expand its data and intelligence coverage across new domains and markets, and accelerate its global go-to-market efforts.

The company aims to make market and consumer intelligence more accessible to strategy and business teams through automation and AI-driven workflows.

Founded by IIM Ahmedabad alumni Kritish Puri and Saurabh Shubham in 2024, Mindcase builds autonomous, agent-based systems that convert large volumes of unstructured external data into actionable insights.

The platform uses proprietary AI agents to help teams track competitors, pricing movements, consumer sentiment, and market trends in near real time.

While the startup has been working with large enterprises through custom market intelligence solutions, it is now shifting focus toward scaling adoption via a fast, self-serve SaaS offering.

The move is aimed at driving repeat usage and expanding Mindcase’s customer base beyond enterprise-led engagements.

Looking ahead, the company plans to deepen its product capabilities by introducing more advanced agentic workflows and supporting a broader range of use cases across industries and geographies.

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.