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Wealthy Nivesh, a New Age Investment Platform raised Rs 1.8 Cr in an angel round

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Wealthy Nivesh is special because of its individualised approach. After gaining a knowledge of a client's financial condition, the firm creates a customised portfolio to assist the client in finding investments. Wealthy Nivesh is a digital platform that was conceptualised and founded by alumni from IIT Delhi, IIT Roorkee, and ISB Hyderabad with the goal of offering a personalised investment experience. Family offices, C-Suite executives, and NRIs based in the United States and the Gulf are leading the round. The money will be wisely invested to improve their digital platform and product line.

Wealthy Nivesh is special because of its individualised approach. After gaining a knowledge of a client's financial condition, the firm creates a customised portfolio to assist the client in finding investments. By doing this, Wealthy Nivesh assists a person in scientifically increasing their financial resources.

Rich Nivesh strikes the appropriate note and seeks to address a problem that has gone unresolved for a long time. India will have the most people on the planet as of January 2023, and it is difficult for people of all ages to understand finances. Rich Nivesh is focusing on the issue of the country's low investment product penetration. According to RBI household savings data for FY21–22, 27% of savings are invested in fixed deposits, compared to 9% in direct equities and mutual funds.

The founding team comes with cumulative work ex of 20 plus years in managing wealth assets worth 500 crores+ across India and Global Markets (UAE). As of today, their MVP is live and they are already managing 50+ crores of investment AUM across 400+ clients in less than 2 months of being fully operational. The company is offering pre-curated baskets in Mutual Funds for different customer profiles and investment objectives. Portfolio Baskets are built based on an in-house quantitative and qualitative model. Baskets can be availed by investing as less as Rs 10000 per month in SIP. Investors can start their lumpsum or SIP investments in Mutual Funds digitally (paperless) from any part of the world.

One of the angel investors in Chaayos, Mr. Narendra Shah, a prominent industrialist and angel investor, praised Wealthy Nivesh and stated, "I have been pleased by the enthusiasm with which Ankit and Aditya are addressing the problem. Their answer is not only all-encompassing but also quite doable. I decided to invest in their project because of the solid industry credentials of IIT and ISB and their significant expertise. "Wealthy Nivesh is solving a problem that demands innovative solutions from the new participants in the industry," said Mr. Rohit Dsouza, a renowned NRI banker located in Dubai. I have used Wealthy Nivesh as both a client and an angel investor, and I am amazed by the connections they make with their customers.