Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Industry News

| More

AdviosryMandi.com raises 36 Million Dollars from EST Group

Posted On: 2019-09-05 18:03:38


AdvisoryMandi.com - India's biggest online platform of innovative, technology-driven investment eco-system for investorand traders today announced that it rose funding of 36 Million Dollars from EST Group, Switzerland. The company has also got into strategic business collaboration with EST Group to create an innovative and new financial ecosystem in the Indian market.

The association between Advisorymandi.com and EST Group is targeted towards spreading financial literacy in the country, especially in rural areas. The financial eco-system will resolve the problems of all participants in the industry ranging from investors and stockbrokers to research houses. With the aim of providing a boost to its business, Advisorymandi.com will create a new breed of talented and capable investors over the next 5 years which will raise the standards and awareness within the industry, both domestically as well as, globally.

EST group has been optimistic about the financial growth of the Indian market and believes that slower markets provide new opportunities. The group provides financial advisory, asset management, semi-banking operations, custodial, clearing and settlement, security issuance services thus, collaboration with Advisorymandi.com is in sync with the group's business goals and expansion plans for India.

Speaking about the business collaboration, Kaushlendra Singh Sengar (Founder & CEO) Advisoeymandi.com said: "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. The rural households face countless constraints to immune themselves against risks by assembling assets. Lack of awareness on financial securities and savings instruments makes it difficult for them to acquire their risk capital."

"The funds are raised to strengthen our eco-system by integrating multiple stock brokers, insurance brokers, asset management companies and research houses to build a multilingual investment platform starting with Equity, Commodity and Currency assets classes" - he added.

Expressing his views on this collaboration, Dr. Sindhu Bhaskar, Founder & Chairman, EST Group, said; "At EST, we firmly believe that India's largest asset is its intelligent and educated Human Capital and it's important to use this resource extensively by allowing them to innovate in a problem area with the provision of access to required capital. We believe in the vision and faith of an organization or it's founder, the finance industry is not just about having a big idea, it is about the insights, knowledge and pragmatic vision of the team. Considering this; we chose to collaborate with Advisorymandi.com".

Expressing her views on the market scenario and business developments, Ms. Mahek Tomer, Co-founder & COO, Advisorymandi.com, said; "To boost the saving and investment practice in India, we at advisorymandi.com are also going to launch a new education arm with a vision to spread financial literacy especially in rural areas, schools and colleges to create a new breed of smart investors. We believe that this should be a compulsory subject in schools as money management is equally important to earning money."

According to Sajid Jamal, the head of the Venture Fund of EST Group, "Capital is not scarce, but is scattered and EST's vision is to aggregate unused capital by investing in technology and then use AI, Voice command technology to disburse capital to SMEs, startups and agri-verticals."

EST Group provides financial advisory, asset management, semi-banking operations, custodial, clearing and settlement and security issuance services. Its new fintech arm, recently established in London, is concerned with investing in existing disruptive platforms in financial markets, banking operations and wealth management using AI, Machine Learning and Blockchain technology.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

SATYA MicroCapital Ltd. gets MFI Grading uplift from ICRA

Indian Space Technology Startup VestaSpace Technology Receives USD 10 million Funding from US-based Next Capital LLC

ICAI Stands with Government to fight against COVID 19

Honda 2Wheelers India pledges support to its dealer family to maintain business continuity

Moneycontrol Pro reaches a new milestone - 1.5 lakh paying subscribers

Former Executive Director, RBI - Mrs. Surekha Marandi joins SATYA MicroCapital Limited as Independent Director

Arcil commits Rs. 1.5 Crore towards India's fight against COVID-19

Cognizant to acquire Lev to expand Digital Marketing expertise

Hon'ble Finance Minister reaches out to CAs for promoting Vivad se Vishwas scheme

SIAM numbers - Suman Chowdhury, President - Ratings at Acuité Ratings & Research Ltd

Sterlite Power Concludes Sale of Novo Estado

mastertrust Slashes its Trading Fees to Zero, on the MobileApp, for Millennial

CAMS FinServ receives RBI license for Account Aggregator service

Brookfield Properties bags four awards at the ET Now Global Real Estate Congress Awards 2020!

RXIL Digitizes its MSME Onboarding using Jocata GRID

Indian Exhibition of Air Conditioning Industry Draws International Attention

India Post Payments Bank Crosses Milestone of 2 Crore Customers

EFL revolutionises AC's by launching Health Conditioners

BankBazaar Looking to End FY20 at EBITDA Profitability Despite Tough Year for Fintech

Sapient Wealth Advisors organises its 11th annual conference in Pune

ICAI sign MoU with IIM Jammu

Venture Garage Conducts 5th and Final Leg of 'Find Your Investor' Programme in Chandigarh, Supported by Kotak Mahindra Bank

BRICS CCI announces Direct Tax Summit & Awards 2020 in association with Achromic Point

ETMONEY introduces the National Pension System (NPS) on its App

Anviti Insurance Brokers Expands Presence in India, Opens its 7th Office in Delhi NCR - Noida

Global shrimp demand and prices contract following the n-coronavirus pandemic: ICRA

ICAI 70th Annual Function

ETMONEY unveils India's first and only tax saving solution

Cashfree introduces 'Instant Settlements', makes online payments as attractive as cash

TrustLine Announces Successful Closing of Intrinsic Deep Alpha AIF - Category III Offering

Bharti AXA General Insurance Receives IRDAI Nod for Health and Motor Insurance Proposals under Sandbox Project

Ather Energy invites dealers to set up experience centers across India

Restriction on import of refined palm oil will safeguard the margins of domestic palm oil refiners while also improving their capacity utilisation: ICRA

Cognizant Named a Leader in SAP Services by Independent Research Firm

CarDekho becomes first auto fintech platform to process 100 cr of monthly used car loans

Super Surfaces raises half a million USD as Angel Funding

KARVY Group initiates corporate restructuring

ICRA Analysis: Hospital sector performance on the growth path after two years of subdued performance

ICRA maintains stable year-end outlook for Construction sector

ZestMoney's 0% EMI Launched on Myntra

Ministry of Railways revises tariff of standard meals on static units

ClearTax launches feature of Nil GST Return Filing for CAs and Businesses

Almost 70% of BankBazaar Consumers have a Healthy Credit Score

MSE Financial Services Ltd has commenced online trading

JNPT bags 'Public Port of the Year (container)' at the Samudra Manthan Awards

TAFE Chairman Mallika Srinivasan appointed to the Global Board of U.S.-India Business Council

Mastercard Picks BharatPe for its Start Path Program

Adani Foundation celebrates skilling 50,000 youth

Vikram Solar Brings Solar Energy to 3 More Airports in India

Times OOH helps Godrej Interio set up Experience Zone at Mumbai Airport







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019