Univest Claims Profitability at Two Years

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Three points you will get to know in this article:

  • Univest, a leading wealthtech startup, innovates services for retail investors.
  • It reshapes wealth generation through strategic partnerships and AI-driven insights.
  • Backed by substantial funding, Univest aims for innovative products and expansion.
Univest CEO Pranit Arora

The surge in retail investing owes much to the rapid growth of digital trading platforms and the fresh wave of inventive products and services offered by brokerage firms. These advancements have notably democratized investment opportunities, making them more accessible to the everyday individual.

Business Principles and Successes

In this landscape, Univest shines brightly as a standout among startups, placing a strong emphasis on innovating services tailored specifically for retail investors, all while upholding sturdy business principles that ensure profitability.

Recently, we had the pleasure of chatting with Univest’s CEO and co-founder, Pranit Arora, diving deep into discussions about their Elite Program, the intricacies of their business model, how they generate revenue, their approach to navigating the capital and debt markets, their ambitious plans for expansion, and much more.

Strategic Partnerships and Offerings

Established in 2022 by Arora, Avneet Dhamija, and Vikash Agarwal, Univest emerges as a pioneering wealthtech platform, aspiring to emulate the triumphs of contemporary financial giant BlackRock. Through a fusion of Artificial Intelligence and human insight, Univest is reshaping the landscape of wealth generation for everyday investors.

By strategically navigating exits from underperforming equity assets and implementing astute diversification strategies across capital markets, Univest presents its exclusive subscription products—Univest Pro and Univest Pro Plus—through its two SEBI-registered entities, Uniapps and Uniresearch. Furthermore, Univest extends its reach into the debt market, offering peer-to-peer investment solutions to cater to the diverse investment objectives of over 1.25 million investors.

In the bustling world of capital markets, our primary offerings revolve around equity advisory services tailored to fit our clients’ needs over the span of three, six, or twelve months.
Additionally, Univest has forged a strategic partnership with Faircent for peer-to-peer (P2P) investments, wherein borrowers are subject to a commission ranging from 1.5% to 3%. However, the regulatory scrutiny of P2P lending by the Reserve Bank of India looms large, poised to reshape the landscape of this sector. Notably, Univest stands as Faircent’s largest collaborator, with investments surpassing Rs 5,000 crore.

Delving into financial matters, Arora underscored the company’s remarkable achievements: “Since this past August, we’ve achieved positive cash flow. Our monthly business has soared by an impressive 70-fold over the last twelve months. We’re well on our way to surpassing 50 crores in Annual Recurring Revenue (ARR) this month, and anticipate concluding the fiscal year with a Profit After Tax (PAT) exceeding Rs 3 crore.

Funding and Valuation

In March 2023, Univest secured a hefty $1.5 million in seed funding, spearheaded by Trinity Media Group, accompanied by esteemed backers such as Akash Anand, Deep Bajaj, Jaspreet Batra, Ajay Pahwa, and Pritesh Talwar. This funding round surged the company’s valuation to a robust Rs 100 crore (pre-money).

Presently, Univest is in the midst of fruitful discussions for further funding, anticipated to catapult its valuation to greater heights.

Future Plans and Competition

Looking into the future, Univest has its sights set on unveiling a range of innovative products, including Univest Live, mutual fund offerings, and an array of debt market products. These strategic moves are set to position Univest firmly among its rivals, such as Liquide, Waya, Tejimandi, Stoxbox, Gapup Club, and INDmoney.

The rise of retail investing owes much to digital trading platforms and innovative brokerage services, democratizing investment opportunities. Univest, a pioneering wealthtech platform founded in 2022, emphasizes tailored services for retail investors and profitability. Through AI and human insight, it reshapes wealth generation, offering exclusive subscription products and peer-to-peer investment solutions. With strong financial achievements, strategic partnerships, and substantial funding, Univest anticipates further growth. Its future plans include innovative products, positioning itself competitively among industry rivals.

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