Stock market superapp Univest raises $10 million in a Series A funding round

Stock market super app Univest has raised $10 million in a series A funding round led by Bertelsmann India Investments (BII), the strategic investment arm of German giant Bertelsmann SE & Co. KGaA. In addition to the equity capital from Bertelsmann.

Established in 2012, Bertelsmann India Investments (BII) is a sector-agnostic venture capital fund that is an early-growth stage investor in India BII has backed successful companies like Shiprocket, Eruditus, Licious, Nat Habit, Lendingkart, and Rupeek.

What does Univest do?

Founded in 2022, Univest is an online retail advisory platform, offering general recommendations through its SEBI-registered RA entity, Uniresearch. The startup provides expert trading advice across stocks, derivatives, and commodities.

Univest claims to have attracted over 3 million sign-ups and 150,000+ paying subscribers, driven by an impressive success rate of 85% on profitable calls, with 60% of calls reaching their target prices.

It aims to become India’s research-first stock market super app, solving all retail investor challenges—from selecting the right picks to timely exits—on a single platform.

"We are thrilled to partner with Bertelsmann India Investments, a firm that shares our vision of empowering retail investors and transforming the investment landscape in India. Over the past two years, Univest has been on a remarkable growth trajectory, helping millions of investors make confident, informed decisions. With this funding round, we are excited to accelerate our mission to democratise access to high-quality research," said Pranit Arora, Co-Founder and CEO of Univest.

Purpose of fundraising

According to Univest, the raised capital would be used to scale research-first and full-stack brokerage offerings for retail investors. It offers flexible subscription plans across equity, futures, options and commodities for 3, 6, 12 months and 5-year plans.

"Our focus will remain on delivering seamless, personalised, and actionable insights that simplify the investment journey for our users. We look forward to leveraging this partnership to redefine the brokerage model and establish Univest as the go-to platform for retail investors in India," Arora added.

"Our investment in Univest is a strategic step towards supporting their mission of democratizing access to quality investment advice across India. As the retail investor base continues to grow, the demand for advisory services will soar. Platforms like Univest will play a pivotal role in enabling these investors to make the right calls and unlock their full wealth potential. We believe Univest is poised to redefine the brokerage model for the future," said Pankaj Makkar, Managing Director, Bertelsmann India.