AdvisoryMandi.com, which is a stock market advisory platform, has now secured USD 36 million from the EST group, which is a Switzerland based funding firm.
EST Group is a financial company that offers the asset management, semi-banking operations, clearing and settlement, financial advisory, custodial, and security issuances services.
“The funds are raised to strengthen our eco-system by integrating multiple stockbrokers, insurance brokers, asset management companies and research houses to build a multilingual investment platform starting with equity, commodity and currency assets classes,”Kaushlendra Singh Sengar, founder
The startup as of now has a plan to set up the multilingual trading platform by the end of March 2020 for a better understanding of the complex market for the entry-level investors and regional users. This will help the firm to connect with the rural masses like the farmers and offer advice in matters which is related to savings from experts.
The platform has of now has more than 260 analysts registered with the securities and exchange board of India.
“It has been seen that despite the rising rural income and education, access to roads and electricity, and the outstanding growth in the financial introduction, the rate of investments in the securities markets from the rural areas has been very low as they face countless constraints to immune themselves against risks by assembling assets,” Sengar noted.
Advisorymandi.com intends to create a new breed of talented and capable investors in the coming five years which will raise the standards and awareness with the industry both globally and domestically officials of the advisory portal revealed in a report.