Monday, 23 December, 2024

Univest Secures $10 Million in Series A Funding Led by Bertelsmann India

Wealthtech platform Univest has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII). The funds will be used to scale Univest's research-first, full-stack brokerage offering for stock market investors, aiming to create India's first comprehensive stock market superapp for retail investors. Univest plans to introduce an advisory-first brokerage platform under a new entity named Univest Broking.