Saturday, May 28, 2022
Techiexpert.com
No Result
View All Result
  • Login
  • Register
Exclusive Videos
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
No Result
View All Result
TechiExpert
No Result
View All Result

Zero Commission Investment Platform, Orowealth

Srikanth by Srikanth
August 9, 2019
in Startup news
Reading Time: 5 mins read
Orowealth
10
SHARES
141
VIEWS
Share on FacebookShare on Twitter

Techiexpert Team had an opportunity to talk to Mr. Vijay Kuppa, Co-Founder, Orowealth

what is that one problem you solving

Orowealth is an online wealth management platform for retail investors. Retail investors don’t get access to good quality financial advice as they are often mis-sold financial products. Orowealth provides high-quality low-cost financial advice to retail investors with the help of technology.

Background of founders, there journey

Orowealth was started in January 2016 as India’s first zero commission investment platform. It has three founders:

Nitin Agrawal: Nitin is the Co-founder & CEO of Orowealth. Prior to Orowealth, Nitin was associated with Deutsche Bank for 6 years in Equity Structuring across their London and Singapore offices.

At Deutsche Bank, Nitin successfully designed and sold several billion-dollar investment solutions to some of the biggest global investors. His last position at Deutsche Bank as Vice President, Equity Structuring. He has an MBA from IIM Bangalore and has a degree in Electrical Engineering from IIT Bombay.

Vijay Kuppa is Chief Operating Officer at Orowealth. Prior to starting of Orowealth, Vijay had 6 years of investment experience in equity and fixed-income markets. He was associated with Larsen & Toubro Ltd. (Mumbai, India) as AGM, Treasury. Vijay was managing a $1.5 bn investment portfolio focused on Indian markets in his previous role at L&T’s Treasury. Vijay has an MBA from IIM Ahmedabad and a degree in Chemical Engineering from IIT Bombay.

Yogesh Powar is Chief Technology Officer at Orowealth. Prior to starting of Orowealth, Yogesh had worked for 7 years as Technical Lead at Marvell Semiconductors managing multiple global clients. Yogesh has an M.Tech degree in Computer Science from IIT Bombay.

The founders had the hypothesis that retail wealth in India is going to grow and within the wealth pie share of financial assets will increase even further. When they studied the Indian wealth market, they found that space is marred by a huge number of inefficiencies where retail investors are often mis-sold financial products and good quality advice is inaccessible.

Orowealth is trying to address these issues. We are building a wealth management firm for the mass affluent backed by regulatory changes and changing the profile of investors, we take away the transaction costs of agents and brokers in the investment process and help people manage financial investments hassle-free with better returns.

Idea & Motivation to productive?

We saw a huge difference in the way retail investing works vs. how institutions manage their money. We believed that we could make a difference in this field by getting the basics right with minimum hassle for the end investor – unbiased evaluation of investments, building a diversified portfolio and ensuring that we lose as little as possible to fees and commissions.

leveraging emerging technologies (AI, Deep Learning, Etc.)

We are extremely data-driven as a startup. Over the past three years, we have accumulated Rs 3500 cr in Assets Under Advisory across more than 100,000 users and analyzed over a million portfolios. The data-driven model gives us great insights on user-profiles and portfolios which in-turn helps us with portfolio recommendation and actionable insights for our end users.

USP of Orowealth

Our USP is personalized advisory we provide to our customers vs. a pure transaction platform which many other platforms offer. On our platform, the portfolio recommendation is unique for each individual. We also provide dedicated Relationship Managers for every user who continuously look into the issues of the user and suggests the best possible way to make more return. Apart from this, we are a multi-product platform and provide Goal advisory, customized financial planning, stock advisory, alternative investments in addition to a mutual fund platform.

Early days struggle.

The one issue in particular was – Lack of awareness among the investors. With multiple firms providing free access to their product and also the companies dealing in regular commission-based mutual funds advertising so-called “free” advisory, it was key for us to raise awareness among the retail investors about zero commission fee-based advice. Also, another hurdle was making people understand the importance of investing and building trust.

Funding Details

The company has raised $1.6 mn in Series A Funding. This round of funding was led by Powerhouse Ventures with participation by Money Forward Inc., one of the largest publicly listed fin-tech companies in Japan; a prominent US VC -Social Capital, under their Capital as a Service program; B Dash Ventures, one of the largest VCs in Japan; and other prominent angel investors including Anand Chandrsekaran and Dinesh Agarwal, Founder India mart. It had earlier raised initial capital from GSF Accelerator and prominent individual investors.

UserBase …

We presently have a user base of 250K+ users, out of which 100K+ are transacting users and still expanding.

New Areas if they are looking to expand.

We have started offering alternative investments to our customers like P2P loans as an investment class, receivable financing, stock advisory in addition to mutual fund advisory and financial planning services.

Future plans

We will continue to work on our mission to make all retail investors financially independent. We are building a tech-enabled wealth management firm which could provide personalized advisory to millions of users.

Is there any plan to integrate with 3rd party apps /services

We already are using multiple 3rd party software’s for various purposes from analytics to marketing, communication and customer servicing. Yes, if we see such technologies are useful for our users, we would definitely incorporate them.

How can TechiExpert help them to spread word about their startup

More articles on educating your user base about benefits of zero commission investing, financial planning etc.

Tags: Fintech startupsOrowealthstartup stories
Share4Tweet3Share1Pin1

Related Posts

Interview : Video Analytics using Artificial intelligence – Enalytix
Startup news

Interview : Video Analytics using Artificial intelligence – Enalytix

BharatX raises $4.5 million from YC and others in seed round
Startup news

BharatX raises $4.5 million from YC and others in seed round

Revise raises $3.5M in funding led by Alpha Wave Global and 8i
Startup news

Revise raises $3.5M in funding led by Alpha Wave Global and 8i

Bengaluru based Getafix Technologies launches one-of-its kind document digitisation platform – Scanroid
Startup news

Bengaluru based Getafix Technologies launches one-of-its kind document digitisation platform – Scanroid

Everstage raises $13M Series A from Elevation Capital
Startup news

Everstage raises $13M Series A from Elevation Capital

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Read

  • What is windows modules installer ? How to Enable/Disable

    What is windows modules installer ? How to Enable/Disable

    1011 shares
    Share 404 Tweet 253
  • How to make a chatbot using HTML

    159 shares
    Share 63 Tweet 39
  • How to Track Someone’s iPhone by Phone Number?

    72 shares
    Share 29 Tweet 18
  • Link Building for SEO: A Brief Beginners’ Guide

    23 shares
    Share 9 Tweet 6
  • Visionary Entrepreneur and Investor Leonid Radvinsky Champions Open Source Tech

    194 shares
    Share 77 Tweet 48
  • Google Analytics real time changes to “last 5 minutes”

    16 shares
    Share 6 Tweet 4

Recent Stories

Big Data for HIV in Sub -African Region

Big Data for HIV in Sub -African Region
Share4Tweet3Share1Pin1

Where, How To Find Candidates For Passive Candidate Sourcing

Where, How To Find Candidates For Passive Candidate Sourcing
Share4Tweet3Share1Pin1

How to take a matter to customer support and get the right result

Customer Loyalty
Share4Tweet2Share1Pin1

GPS Setup For Security Guard Tracker Systems—Ins And Outs

GPS Setup For Security Guard Tracker Systems—Ins And Outs
Share4Tweet3Share1Pin1
  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

© 2022 All Rights Reserved

No Result
View All Result
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media

© 2022 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cookie Law Notice
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT