Mumbai-based Stratzy raises $800K in funding led by Leo Capital, Titan Capital, others

Mumbai-based investment advisory platform Stratzy today announced it has raised $800,000 (about Rs 5.9 crore) in a pre-Seed funding round led by Leo Capital, Titan Capital, and First Cheque. 

According to Stratzy, the fresh funding will be used to bolster leadership and talent, obtain regulatory permits, and beef-up marketing, in a bid to acquire new users. The platform, which was launched earlier this year, has over 10,000 users and aims to reach over one million downloads by the end of 2022.

Founded by Mohit Bhandari (Co-Founder & CEO) and Gaurav Sangle (Co-Founder & CTO), Stratzy, through its platform, provides customers with smart investment avenues. It offers data-backed strategies for users to invest in, in partnership with brokers like Zerodha, 5paisa, Fyers, and AngelOne, amongst others.

“While the ultra-rich have a plethora of financial products at their disposal, the regular investor generally finds it challenging to access niche investment opportunities. This is where Stratzy steps in to bridge the gap and offer a simple, user-friendly, and fluid interface that caters to everyone," Mohit Bhandari, Co-founder & CEO, Stratzy said.

"Our goal is to assist individuals in investing their money in the same way that the affluent and HNIs do. The product has been specially created for the Gen Z that is fueling the industry's growth.”

Other investors in the Mumbai-based virtual investment advisory platform include Harsh Shah (Co-Founder, Fynd), Farid Ahsan (Co-Founder, Sharechat), and Archana Priyadarshini (General Partner, PointOne Capital).

Speaking on the investment, Rajul Garg, Founder, Leo Capital, said:

"The pandemic has seen a spike in the number of first-time investors and several of them belong to the millennial and Gen Z population who not only need an easy to use investment platform but also want to participate more actively in the investment decision-making process as opposed to the previous generation. However, the current solutions in the market do not cater to these needs and there is room for more innovation to take place in this space."

"We were impressed by Mohit and Gaurav's vision and execution capabilities and are excited to partner with them as they go on to transform the investment experience for everyday investors."

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