Investment portal Investopresto closes next funding round lead by Crystal Horse
Investment portal Investopresto closes another round of funding to help middle class investors in India make smarter investment decisions.
Investopresto , an investment portal targeting the financial service space based in Singapore and India, has successfully raised another round of funding from angel investors based in Singapore. This latest round was lead by Crystal Horse Investments, who was also involved in Investopresto’s earlier S$300,000 round in 2011.
With a 9.8 percent inflation rate per annum, traditional forms of investments in India has little impact due to its modest returns. Investopresto aims to enable middle class investors to beat inflation and create wealth for themselves through smart financial planning and investments in diversified portfolios.
Investopresto is also looking to introduce social elements into online investing. The company seeks to allow users to share trade ideas, stock picks and investment recommendations with friends, family and others while protecting more sensitive information such as the amount invested and numbers of shares traded.
The investment portal now sees about 20,000 monthly unique visits and has about 5,000 users, all without running any advertising. While there may be opportunities for the company in other similar markets, CEO Ashwini Anand said,” Investopresto is not currently looking at any market other than India. India itself is a huge market and getting a substantial market share in this market is our first priority.”
Image credits: Investopresto
The post Investment portal Investopresto closes next funding round lead by Crystal Horse appeared first on e27 .
