About Pickright
Pickright is a company based in Bengaluru (India) founded in 2019 by Namandeep Bhatia and Siddharth Panjwani was acquired by Nuvama Wealth in March 2023.. Pickright has raised $455.77 thousand across 3 funding rounds from investors including Mumbai Angels, Nuvama Wealth and Keynote Capitals. Pickright offers products and services including Investpacks, Trading Advisory, and Direct Mutual Funds. Pickright operates in a competitive market with competitors including StockEdge, Savart, Swing Trading, IntelliInvest and 72PI, among others.
- Headquarter Bengaluru, India
- Founders Namandeep Bhatia, Siddharth Panjwani
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Pickright Technologies Private Limited
- Date of Incorporation 18 Jul, 2019
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$229.72 K (USD)1350.17as on Mar 31, 2024
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Net Profit
$-215.08 K (USD)-40.07as on Mar 31, 2024
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EBITDA
$-285.07 K (USD)-119.72as on Mar 31, 2024
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Total Equity Funding
$455.77 K (USD)
in 3 rounds
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Latest Funding Round
$245.7 K (USD), Seed
May 14, 2021
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Investors
Mumbai Angels
& 53 more
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Employee Count
Employee Count
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Acquired by
Nuvama Wealth
(Mar 20, 2023)
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Products & Services of Pickright
Pickright offers a comprehensive portfolio of products and services, including Investpacks, Trading Advisory, and Direct Mutual Funds. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Pre-built portfolios of assets managed by experts for automated investing.
Expert tips on trading securities and investments for informed decisions.
Platform for direct access and management of mutual fund investments.
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Funding Insights of Pickright
Pickright has successfully raised a total of $455.77K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $245.7 thousand completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $245,697
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First Round
First Round
(09 Dec 2019)
- Investors Count 53
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - Pickright | Valuation | JITO Incubation & Innovation Foundation , Kiran Lakkapragada | |
| Jul, 2020 | Amount | Angel Round - Pickright | Valuation | Sanjay Bharat Mehta , Srinivas Paanem | |
| Dec, 2019 | Amount | Seed - Pickright | Valuation | 100X.VC |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pickright
Pickright has secured backing from 54 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mumbai Angels, Nuvama Wealth and Keynote Capitals. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are incubated by the foundation in Mumbai, India.
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Founded Year | Domain | Location | |
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by 100X.VC venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pickright
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pickright
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pickright Comparisons
Competitors of Pickright
Pickright operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as StockEdge, Savart, Swing Trading, IntelliInvest and 72PI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for financial market data
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| domain | founded_year | HQ Location |
AI-powered solutions for investment advisory and portfolio management are offered.
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| domain | founded_year | HQ Location |
Operates a digital hub for swing trading calls and resources.
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| domain | founded_year | HQ Location |
Provides trade insights and analysis for investors.
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| domain | founded_year | HQ Location |
Provides technical analysis for stock investments and hedge funds.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pickright
Frequently Asked Questions about Pickright
When was Pickright founded?
Pickright was founded in 2019.
Where is Pickright located?
Pickright is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Pickright a funded company?
Pickright is a funded company, having raised a total of $455.77K across 3 funding rounds to date. The company's 1st funding round was a Seed of $35.07K, raised on Dec 09, 2019.
What is the annual revenue of Pickright?
Annual revenue of Pickright is $229.72K as on Mar 31, 2024.
What does Pickright do?
Pickright was founded in 2019 in Bengaluru, India, within the financial technology sector. Stock market recommendations and trading signals are delivered via an Android application. Access to tools, technical indicators, real-time prices, news updates, alerts, and advisory services is enabled for users to formulate trading strategies. Operations focus on investor support in the Indian market.
Who are the top competitors of Pickright?
Pickright's top competitors include StockEdge, Savart and Swing Trading.
What products or services does Pickright offer?
Pickright offers Investpacks, Trading Advisory, and Direct Mutual Funds.
Who are Pickright's investors?
Pickright has 54 investors. Key investors include Mumbai Angels, Nuvama Wealth, Keynote Capitals, Navkar Investment, and JITO Incubation & Innovation Foundation.
What is Pickright's valuation?
The valuation of Pickright is $1.82M as of May 2021.
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