Online investment platform Vested Finance Tuesday announced that it has raised $12 million in its Series A funding round led by Ayon Capital.
The financing also saw the participation of existing investors Tenoneten, Ovo Fund, Wedbush Ventures, IPV, and Upscale, and new investors including 9Unicorns, Ankur Warikoo (ex-CEO, Groupon India), Dhruvil Sanghvi (CEO, Loginext), and Saumil Parekh (VP, Marketing, PharmEasy).
Content creators such as Akshat Shrivastava, Mukul Malik (Asset Yogi), Sharan Hedge (Finance with Sharan), Dhruv Rathee, Shashank Udupa, and others are also investing in the round, the startup said in a statement.
“The growth that we have seen over the years is testimony to the interest of Indian investors in investing in the US markets. We want to use the funds to scale our team globally and expand our product suite to launch complementary products in the cross-border space while continuing to grow the core US investing user base,” said Viram Shah, co-founder and CEO, Vested Finance.
Founded in August 2018, Vested allows Indians to make commission-free investments in US equities. The company claims to have processed more than $250 million in transactions in 2021 and also tripled the deposits on the platform in 2021.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced between April 3 and April 5, 2022.
