Nivesh.com

Nivesh.com

Nivesh.com, launched in 2017, is a mass mutual funds investment platform that aims to take financial investment to every Indian household.

Headquartered in Noida, India, Nivesh.com operates through local partner advisors.

History

Nivesh.com is owned by Providential Advisory Services Private Limited, founded by Anurag Garg in 2016. Prior to starting Nivesh.com, Anurag Garg co-founded mutualfundsindia.com, which was later acquired by rating agency ICRA. Sridhar Srinivasan, previously heading Indian operations at Visible Alpha, joined later as Co-founder & CTO.

Funding

Nivesh.com started with a seed round in Nov 16/Feb 17 with investments from Rahul Gupta, CEO of Right Global Infosolutions and former president at private equity firm Sonoma Management Partners, Sandeep Shroff, CEO of Silicon Valley-based MyStartUpCFO.com and former head of investors relations at Infosys, and P V Sahad, founder and former CEO of the VCCircle Network.

A LetsVenture-led angel round in May 2018 featured Google India MD – Rajan Anandan and former Infosys Global Sales Head – Basab Pradhan as major angel investors. Other investors include Vivek Khare, Advisor Corporate Development at Naukri.com, Debasish Hota, CEO at CompuGain Corporation, USA, Windrose Capital, Bijoy George, Partner at Full Circle Tech LLP, and LetsVenture LLC.

Location

Nivesh.com is headquartered in Noida and is present in Delhi-NCR and the states of Rajasthan, Uttar Pradesh, Maharashtra, Madhya Pradesh, Himachal Pradesh and Uttarakhand.

Awards and Recognition

Winner of “Startup Superhero Hunt 2018” organized by Entrepreneur Magazine in January 2018.

Nivesh.com created a record of registering 1100 SIPs on a single day (25th July 2018).

HDFC Mutual Fund awarded Nivesh.com with “Noble White Winner Upper Crust Award” (2017-18).

Timeline

Funding rounds

Funding round
Funding type
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Investment
Nivesh.com funding round, May 2017
May 2017
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