Pickright Technologies funding

pickright technologies funding

Pickright Technologies today announced that it has raised USD 200K in a funding round led by JITO Angel Network( JAN). The round saw participation from Mumbai Angels and a consortium of other angels.

JITO Angel Network is the country’s sole community-based platform focused on new venture investing. The network today has a solid portfolio in several sectors and invested in over 38 companies and taken a few exits. 

At present, they are invested in multiple sectors and are strongly looking to Invest in Space-tech and Defence companies. JITO Angel Network invests in companies that can leverage the JAIN Community platform for huge business growth.

The company will use the freshly raised funds for marketing, creating tech, and particularly to create awareness on the significance of investing right and early for maximum returns in a structured organized fashion.

Pickright Technologies was established in 2019 by Namandeep Bhatia and Archana E to position itself as “a financial assistant in your pocket.” It helps plan, manages finances, and diversify investments for millennials across direct and indirect assets with just one click with deep personalization. 

Namandeep said, “We are all glaring at pension-less retirement and job uncertainty. Erosion of interest rates as inflation is growing. This is the right time for investors, young and old alike, to notice and put a step towards wealth creation. Every penny counts.”

“Our tech platform is ready and within the launching of the platform, we have early adaptors. We are working with different discount brokers and other partners on how we can partner and scale the same. With 30K users on the platform and doubling MoM, We are quite excited and ready to enjoy our journey of wealth creation,” added Archana.

Pawan Jain (GX Advisory Services Pvt Ltd), Deal Lead, JITO Angel Network said there is an untapped exponential possibility to serve this swiftly developing retail investment community, on the back of a strong digital banking ecosystem that is an enabler to improve the private wealth market AUM in India. 

“Pickright is a fintech platform connecting investors with authentic advisors through an unbiased AI platform. With Pickright as our portfolio company, we look forward to contributing to its growth journey and value creation for the investors,” he added.

Pickright Technologies seems to be an innovative platform that connects investors with market advisors. As more and more youngsters in the country are understanding the importance of the right investments, the company has huge growth prospects. My best wishes to the team of Pickright Technologies.

Shishir Gupta, Founder and CEO, StartupLanes

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If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

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