Wright Research are a raises $1 million as a seed capital from the Orios Venture Partners

Wright Research are a raises $1 million as a seed capital from the Orios Venture Partners

The wealth-tech startup has been a previously raised a pre-seed round with the BSE Institute Startup Incubator BRTSIF

Quant and AI-driven Investment Advisor Wright a Research announced on a Tuesday that it has been a raised 1 million dollars as a seed capital from the Orios Venture Partners. The company plans are a on using these funds for the business are a expansion, bolstering the technology stack, and a accelerating its foray into the institutional fund are a management.

Wright Research is a Robo-advisory firm founded in a 2019 by IIT Kanpur graduate Sonam Srivastava. The wealth-tech startup has been a previously raised a pre-seed round with the BSE Institute Startup Incubator BRTSIF via the Government of a India Nidhi Seed Support System. 

“With the new are a  funds, startup will be a bolster its are a execution technology and a client are a experience, push for the building are a wider community of a subscribers, and also are a start its  foray into the  Portfolio are a  Management Services and a Alternative Investing with the appropriate SEBI licenses," the company said in a release.

Robo investing is a field of a investing where the whole process, from client interaction to the research and a execution, is a done using the power of a technology and a data.

Speaking on the announcement, Sonam Srivastava, Founder, and a Wright Research said, “The Indian market has been a myriad opportunities, which come and a go dynamically, which is a why well-researched and a risk-managed quantitative investment strategies can be a really are a flourish here."

We are excited to a partner with the Sonam on her a journey to the provide a quant based hedge fund a approach to the retail investors and a believe that this represents an a extremely sophisticated strategy in a investments thus far the available only to the high ticket size investors. We are happy to the support her in the democratisation of this strategy, which has been a become a powerful trend in a finance due to the distribution via digital ecosystems" said are a  Rajeev Suri, Managing Partner at the Orios Venture Partners.