JARVIS Invest Partners with Six Broking Houses to Provide AI-based Investment Advisory & Access Additional 4 Lakh Customers
- 25.08.2022 09:25 am
JARVIS Invest, India’s first AI-based investment advisory platform has announced a partnership with six broking houses to further expand its pan India footprint and provide its unique product to additional 4 lakh customers. The six broking houses are Jainam Broking, Arham Wealth, Klever Trade, Arham Shares, Trade Circle, and Bigul. Trusted by around 85,000+ customers and an Assets under Advisory (AUA) of INR 100 cr+ currently, this partnership will enable JARVIS Invest further expand its customer reach and AUA.
The six brokerages enjoy a niche market in Gujarat and Maharashtra with four of these six companies based across Surat and Ahmedabad. Gujarat is one of JARVIS Invest’s top markets with close to 75% of its current client base and 27% of its partners hailing from the state. Owing to the overwhelming response, the company has also announced the launch of its three new offices in Ahmedabad, Rajkot, and Surat in June 2022.
JARVIS Invest has been on a growth spurt within the country and has recently announced its expansion plans globally in key markets like UAE, US and Middle East. The company has also announced the closure of its strategic funding round, having raised USD 600,000 from a leading family office in UAE.
Speaking about the partnership, Sumit Chanda, Founder and CEO, JARVIS Invest said, “We are excited to partner with Jainam Broking, Klever Trade, Arham Wealth, Trade Circle, and Bigul as these institutions will further help in tapping key regional markets. The most important factor that enables a successful partnership is trust in the product. These institutions have tried and tested our model and they have realized that JARVIS’s AI-based investment advisory model can surely add value to them and help investors significantly in their journey of wealth creation. We believe the partnership will help us a great deal in reaching out to the local investor community in key cities like Mumbai, Surat and Ahmedabad. Besides this, we anticipate the partnership will be attractive to our network and affiliates.
We have seen a multifold rise in retail participation in Indian stock markets and the Indian stock market seems to be maturing. As part of our expansion plans, we aim to cross Assets under Advisory of INR 250+ crore by end of FY23 and expand our customer base to nearly 3 lakh. With the recent strategic funding by a family office in UAE, we are already in the process of developing new products for key global markets and we believe that JARVIS Invest will be soon making its mark in the wealth management space.”
JARVIS Invest gained popularity after JARVIS – the highly intelligent portfolio management tool successfully predicted the market crashes of March 2020 and January 2022. JARVIS, the AI tool, is a digital advisor which is available to the investor at his fingertips and investors can easily access it from any part of the world.
The partnership will help investors of these broker institutions get seamless access to JARVIS which will monitor investors’ portfolios in real-time 24*7. Once the technology integration with the brokerages is complete, the new customers will have full access to JARVIS on their broker platform and will be able to create their hyper-personalised portfolios directly.