Robo investing is gaining momentum in India's fintech industry, with startups like Wright Research adopting deep-tech, AI, and ML modules to offer algorithm-driven wealth management services. Wright Research recently raised $1 million in seed capital from Orios Venture Partners and plans to use the funds for business expansion, enhancing technology capabilities, and entering institutional fund management. Wright Research currently has over 40,000 subscribers and manages close to Rs 200 crore in assets under advisory. The platform aims to cater to India's rising retail investors who increasingly trust technology for their investment needs.
“India, which has adopted fintech only in the last five years, is a ripe playing ground for robo advisory.”
- Sonam Srivastava, Founder, Wright Research
Here’s a summary:
Robo-investing is an automated investment method driven by technology and data.
Mumbai-based investment advisory firm Wright Research uses deep-tech, AI, and ML modules for robo-investing.
The adoption of robo-investing is linked to the growth of the fintech industry.
Wealthfront and Betterment in the US, as well as startups like BangNiTou in China, have thrived in the robo-advisory space.
India, with its growing fintech adoption, is a favorable market for robo advisory.
Wright Research recently raised $1 million in seed capital from Orios Venture Partners for business expansion and technology enhancement.
The company has over 40,000 subscribers and nearly Rs 200 crore in assets under advisory.
Wright Research plans to enhance its execution technology, client experience, and community-building efforts.
They also aim to enter portfolio management services and alternative investing with the appropriate SEBI licenses.
The company recently launched its app, offering an end-to-end client experience.
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Wryght Research & Capital Pvt (Brand name: Wright Research) is a SEBI Registered Portfolio Manager Reg No: INP000007979 (Validity: Apr 03, 2023 – Perpetual) and a SEBI Registered Research Analyst No: INH000017295 (Validity: Jul 03, 2024 – Perpetual), with its registered office at 103, Shagun Vatika Prag Narayan Road, Lucknow, UP, 226001 India and CIN: U67100UP2019PTC123244. Past performance may or may not be sustained in future. Performance provided there in is not verified by SEBI. Investment in securities is subject to market and other risks, and there is no assurance or guarantee that the objectives of any of the strategies of the Portfolio Management Services will be achieved. Registration granted by SEBI, enlistment as RA with Exchange and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Please read the Disclosure document carefully before investing. Securities quoted are for illustration only and are not recommendatory. Charts shown are for illustration only. For more information and disclosures, visit our disclosures page here.
