Total amount raised
$2.2 Million
Latest funding date
8/1/2022
Location
Liquide has successfully raised funding in a Pre-Seed round, attracting a total of 18 investors, including notable names like Ruchi Kalra and Rohit Chennamaneni. The platform is an AI-enabled wealth advisory app designed to cater to the mass-affluent segment in India, offering a range of financial services and tools.
Keep reading to explore the intricacies of Liquide's fundraising journey and the investors backing this innovative platform.
What Is Liquide?
Liquide is an AI-enabled wealth advisory app based in Bengaluru, Karnataka, India. The company operates within the financial services, stock exchanges, and wealth management industries, catering to the mass-affluent segment in India.
Founded as a private entity, Liquide has an employee count ranging between 11-50. The platform offers a range of financial services, including stock trading ideas, portfolio management, and mutual fund analysis, leveraging AI-powered tools for automated market analysis and trading advice.
How Much Funding Has Liquide Raised?
- Pre-Seed Round
- Amount Raised: USD 2,200,000
- Date: August 2022
- Lead Investors: M Venture Partners (MVP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a plug-and-play stock advisory layer for existing brokerage accounts and expand services to NRI investors in six countries.
Total Amount Raised: USD 2,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- M Venture Partners (MVP)
- Details: M Venture Partners is a Singapore-based venture capital firm that led Liquide's pre-seed funding round. They focus on early-stage investments in innovative startups.
- Investment Focus Areas: Technology, innovative startups, early-stage investments.
- Notable Investments: Liquide.
- Kunal Shah
- Details: Kunal Shah is the founder of Cred, a fintech company. He is known for his investments in technology-driven startups.
- Investment Focus Areas: Fintech, technology startups, financial services.
- Notable Investments: Cred, FreeCharge.
- Shashvat Nakrani
- Details: Shashvat Nakrani is the co-founder of BharatPe, a financial services company. He has a strong focus on fintech investments.
- Investment Focus Areas: Fintech, financial services, technology.
- Notable Investments: BharatPe.
- Suhail Sameer
- Details: Suhail Sameer is the CEO of BharatPe. He is actively involved in the fintech and technology sectors.
- Investment Focus Areas: Fintech, financial services, technology.
- Notable Investments: BharatPe.
- Ruchi Kalra
- Details: Ruchi Kalra is a member of the Founders Fund by OfBusiness. She has a background in technology and business services.
- Investment Focus Areas: Technology, business services, startups.
- Notable Investments: OfBusiness.
What's Next for Liquide?
Liquide is poised to capitalize on significant opportunities in the wealthtech sector. By building a plug-and-play stock advisory layer for existing brokerage accounts and expanding its services to NRI investors in six countries, the company aims to tap into a vast market. The potential to reach 90% of demat account holders in India and the growing number of young investors opening new accounts present substantial growth prospects.
Future fundraising opportunities appear promising as Liquide continues to scale its operations and enhance its technology. The rapid growth of the wealthtech industry, projected to reach $63 billion by FY2025, suggests that additional funding rounds could be on the horizon to support Liquide's ambitious expansion plans.
However, the company may face challenges such as competition from other wealthtech platforms, ensuring the accuracy of AI-driven investment advice, and navigating regulatory requirements in different countries. Overcoming these hurdles will be crucial for Liquide to maintain its growth trajectory and achieve long-term success.
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