About Pickright
Pickright is a Technology company based in Bengaluru (India) founded in 2019 by Namandeep Bhatia and Siddharth Panjwani, and was acquired by Nuvama Wealth in March 2023. Trading signals and recommendations are provided for stock market investors. Pickright has raised $455.77 thousand across 3 funding rounds from investors including Mumbai Angels, Nuvama Wealth and Keynote Capitals. Pickright was last valued at $1.82 million in May 2021. Its Indian entity Pickright Technologies Private Limited reported revenue of ₹2.67 Cr. Pickright offers products and services including Investpacks, Trading Advisory, and Direct Mutual Funds. Its focus areas include FinTech, Investment Tech, Online Trading Platforms and Research Platforms. Its competitors include StockEdge, Savart and Swing Trading; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Founders Namandeep Bhatia, Siddharth Panjwani
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website pickright.in
- Social LinkedIn X Facebook
- Acquired by Nuvama Wealth (Mar 2023)
- Legal Name Pickright Technologies Private Limited
- Date of Incorporation 18 Jul, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.67 Cr
FY 2025 · +36% YoY
- Net Loss-₹4.27 Cr
FY 2025 · -160% margin
- EBITDA-₹3.41 Cr
FY 2025 · -127% margin
- Total Equity Funding$455.77K (USD)
in 3 rounds
- Latest Funding Round$245.7K (USD), Seed
May 2021
- InvestorsMumbai Angels
& 53 more
- Acquired byNuvama Wealth
(Mar 2023)
Associated legal entities of Pickright
Pickright is associated with 2 registered companies on The Company Check; the primary company is Pickright Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pickright Technologies Private Limited CIN U62011KA2019PTC126326 | Active | 18 Jul 2019 | Bangalore, Karnataka | ₹2.7 Cr | 18 | 6 | View details |
| Pickright Technologies Private Limited CIN U72200KA2019PTC126326 | 18 Jul 2019 | Bangalore, Karnataka, India | View details |
Products & Services of Pickright
Pickright offers a comprehensive portfolio of products and services, including Investpacks, Trading Advisory, and Direct Mutual Funds.
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.
Apps and channels of Pickright
Pickright publishes 2 mobile apps with over 100K+ downloads.
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 $455,765
- Total Rounds 3
- Last Round Seed — $245,697
- First Round $35,068
(Dec 2019)
- Investors Count 53
All 3 funding rounds of Pickright with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $245,697 | Seed | $1.82M | JITO Incubation & Innovation Foundation, Kiran Lakkapragada | |
| Jul 2020 | $175,000 | Angel Round | $16.6M | Sanjay Bharat Mehta, Srinivas Paanem | |
| Dec 2019 | $35,068 | Seed | $••••• | 100X.VC | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2021 | $1.82M | •••••••• |
| Jul 2020 | $16.6M | •••••••• |
| Dec 2019 | $••••• | •••••••• |
Full valuation and stage history of Pickright
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $1.82M (May 2021). 54 investors in total: 8 institutional and 46 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are incubated by the foundation in Mumbai, India. | jitojiif.com | Mumbai, India | ||
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Early-stage startups are funded by 100X.VC venture capital firm. | 100x.vc | Mumbai, India | ||
Limited information is available on core activities in Delhi. | mlmventures.tcc.mode | Delhi, India | ||
Provides financial advisory services including planning, analysis, and wealth management. | 1980 | navkarinvestment.com | Vadodara, India | |
Financial services including stock trading, mutual funds, and depository operations in India. | 1993 | keynotecapitals.com | Mumbai, India | |
Wholesaler of variety of goods | ymsfinance.tcc.mode | Kolkata, India | ||
Financial broking and investment services are provided in India. | 2009 | nuvamawealth.com | Mumbai, India | |
KL Kiran Lakkapragada | Angel investor and tech leader, ex-Amazon, focused on Indian startups | unknown_f3ebc17ed274423d9 | ||
AT Arun Thukral | unknown_81a0be80911444c6a |
Investor details for Pickright
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Pickright Technologies Private Limited (Pickright)
Pickright Technologies Private Limited is the primary company behind Pickright. The board of Pickright Technologies Private Limited currently have 6 directors; the longest-serving is Namandeep Bhatia, appointed in 2019. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Namandeep Bhatia DIN 07744884 | Whole-time director | 18 Jul 2019 | 7 yrs 3 mo | Pickright Technologies Private Limited |
| Archana Elapavuluri DIN 08007651 | Whole-time director | 18 Jul 2019 | 7 yrs 3 mo | Pickright Technologies Private Limited |
| Ashish Kehair DIN 07789972 | Nominee Director | 09 Mar 2023 | 3 yrs 7 mo | Pickright Technologies Private Limited |
| Rahul Jain DIN 00387505 | Nominee Director | 09 Mar 2023 | 3 yrs 7 mo | Pickright Technologies Private Limited |
| Harsh Jha DIN 10466325 | Nominee Director | 30 Jan 2024 | 2 yrs 8 mo | Pickright Technologies Private Limited |
| Riyaz Noshir Marfatia DIN 07120715 | Nominee Director | 25 Apr 2024 | 2 yrs 6 mo | Pickright Technologies Private Limited |
People of Pickright
4 people are tracked at Pickright (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Siddharth Panjwani | Co-Founder | Leadership |
Hemant Kumar | Technical Architect | Team |
Vijay Kumar | Software Engineer | Team |
Complete people profiles for Pickright
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Pickright
Figures of Pickright Technologies Private Limited, the primary company behind Pickright, for FY 2025. Revenue was ₹2.67 Cr (+36% year on year). Net loss was -₹4.27 Cr (-160% margin). EBITDA was -₹3.41 Cr (-127% margin). Revenue has grown at a compounded annual rate of +291% over three years and +542% over five years.
- ₹2.67 CrRevenue · FY 2025 · +36% YoY
- -₹4.27 CrNet loss · -160% margin
- -₹3.41 CrEBITDA · -127% margin
- ₹51.8 LakhPaid-up capital
- 18Employees (provident fund records)
- +291%Revenue CAGR, 3 years
- +542%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pickright Technologies Private Limited are on its company page.
Detailed financial statements for Pickright
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of Pickright
5 dated milestones of Pickright across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Pickright is founded.
- Funding First funding round of $35K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $246K.
- Exit Acquired by Nuvama Wealth.
Competitors of Pickright
Pickright has 3 listed competitors in our database, 2 of them funded. They include StockEdge, Savart and Swing Trading.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stockedge.com | 2010 | Kolkata, India | $1.61M | 183 | Online platform for financial market data | |
| savart.com | 2017 | Hyderabad, India | $3.5M | 35 | AI-powered solutions for investment advisory and portfolio management are offered. | |
| swingtraderindia.com | 2018 | Bengaluru, India | 396 | Operates a digital hub for swing trading calls and resources. |
Detailed competitors of Pickright
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Pickright
The website of Pickright (pickright.in) receives about 2K visits a month.
- Monthly visits2K
▲ 23.1% vs previous month
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Pickright (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Pickright
Complete news archive for Pickright
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Frequently Asked Questions about Pickright
Pickright was founded in 2019.
Pickright is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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 2019.
The primary company behind Pickright, Pickright Technologies Private Limited, reported revenue of ₹2.67 Cr for FY 2025, up 36% year on year.
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.
Pickright's top competitors include StockEdge, Savart and Swing Trading.
Pickright offers Investpacks, Trading Advisory, and Direct Mutual Funds.
Pickright has 54 investors. Key investors include Mumbai Angels, Nuvama Wealth, Keynote Capitals, Navkar Investment, and JITO Incubation & Innovation Foundation.
The valuation of Pickright is $1.82M as of May 2021.
Pickright operates through Pickright Technologies Private Limited.
Yes. Pickright was acquired by Nuvama Wealth in March 2023.
The legal entities of Pickright currently have 6 directors, including Ashish Kehair, Namandeep Bhatia, Rahul Jain and others.