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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