Equity research startup Multibagg AI raises Rs 1.5 Cr in pre-seed round led by AJVC

AI-native equity research platform Multibagg AI has raised Rs 1.5 crore in a pre-seed funding round led by AJVC. Prior to this, the startup had raised Rs 65 lakh from friends and family, taking its total capital raised to Rs 2.15 crore.

The fresh funds will be primarily used for team expansion and product development, as the company looks to strengthen its AI-driven research and analytics capabilities.

Multibagg AI provides institutional-grade equity research and analytics to retail stock market investors in India through an AI-native platform. The startup aims to build a global financial technology company from India in the equity research segment, which it describes as a multi-billion-dollar market.

According to the company, it recently crossed 10,000 users on its platform and achieved over Rs 10 lakh in annual recurring revenue (ARR).

In a statement, the company’s founder and CEO, Aaditya Anand, said the platform is being built to address the gap between the growing number of retail investors and the limited availability of qualified research professionals.

Multibagg AI went live with its beta around six months ago and said users have connected portfolios worth over Rs 5,000 crore and interacted extensively with its AI assistant for research-related queries.

Over the past year, AJVC has backed several early-stage startups across sectors. Its recent investments include AI email client Faraday, fintech startup Chop Finance, AI-led verification platform TruFides AI, civic tech venture Jaagruk Bharat, consumer brand Mithila Foods, mobility services startup GaadiMech, proptech firm Iztri, and sustainability-focused startup Nuyug.