AdvisoryMandi.com, an investment advisory platform, on Thursday announced that it has raised funding of $36 million from Switzerland-based EST Group.
The company has also got into a strategic business collaboration with EST Group to create a new financial ecosystem in the Indian market.
Speaking about the business collaboration, Kaushlendra Singh Sengar, Founder & CEO, AdvisoryMandi.com said: “The funds have been 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 asset classes”.
EST Group provides financial advisory, asset management, semi-banking operations, custodial, clearing and settlement, security issuance services. It’s a collaboration with Advisorymandi.com is in sync with the group’s business goals and expansion plans for India.
New education arm
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.”
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.