Vested Finance has raised $12 million in Series A funding. The firm is a broking platform that enables Indian investors to invest in the US stock market. The funding round was led by Ayon Capital while the company received continued support from existing investors Tenoneten, Wedbush Ventures, OvO Fund, Upscale, and IPV.
The new investors include 9Unicorns, Ankur Warikoo (former CEO of Groupon India), Dhruvil Sanghvi (CEO, Loginext), and Saumil Parekh (VP of Marketing, PharmEasy) have also joined. Various content creators including Mukul Malik (Asset Yogi), Akshat Shrivastava, Sharan Hedge (Finance with Sharan), Shashank Udupa, and Dhruv Rathee are also investing.
Viram Shah, co-founder, and CEO, of Vested Finance, said, “The growth we have witnessed over the years is testimony to the interest of India n investors in investing in the US markets. We have planned to use the funds to scale our team globally and expand our product suite to launch complementary products in the overseas space while continuing to grow the core US investing user base.”
