Multibagg AI, an Indian equity research and analytics startup, has raised ₹1.5 crore in a pre-seed round led by AJVC, taking its total funding to ₹2.15 crore after an earlier ₹65 lakh contribution from friends and family. The capital will be used to strengthen the company’s AI-driven research platform, expand engineering and research talent, and improve product capabilities amid rising retail participation in Indian equity markets.
Making equity research more accessible
Multibagg AI is developing an AI-native equity research platform designed to give retail investors access to insights typically available to institutional participants. The platform applies machine learning and data analytics to market data, corporate fundamentals and sectoral trends, enabling users to make informed decisions without requiring specialised financial expertise.
The company notes a widening gap between the number of active investors and the supply of qualified research analysts in India. Millions of new demat accounts have been opened in recent years, while the pool of registered research professionals has not kept pace. Multibagg AI positions its technology as a scalable research partner to help bridge that gap for everyday investors.
Early traction points to strong demand
Since launching a beta around six months ago, Multibagg AI has onboarded more than 10,000 users and achieved annual recurring revenue (ARR) exceeding ₹10 lakh. User engagement metrics have been encouraging: investors have linked portfolios totalling over ₹5,000 crore to the platform, signalling growing trust and integration into real investment workflows.
One of the platform’s most used features is an AI assistant that answers investment-related queries and provides stock-level insights, reflecting demand for on-demand, data-backed guidance among retail users.
Roadmap and long-term vision
Going forward, Multibagg AI plans to broaden its analytical depth and coverage to serve both novice and experienced investors. The startup aims to build a globally scalable fintech product focused on consumer-friendly equity research—an area that, industry observers say, remains underserved by current technology solutions.
The fresh capital will be channelled into improving model accuracy, expanding stock and sector coverage, and enhancing overall user experience. As competition in the fintech and wealth-tech ecosystem intensifies, the company expects its AI-first approach to be a key differentiator.
Investor backing and market context
The pre-seed round was led by AJVC, a pre-seed venture capital firm that backs early-stage, technology-driven startups. The investment reflects growing investor confidence in AI-led financial platforms that address tangible gaps in market research and advisory services.
With additional funding and initial market validation, Multibagg AI plans to prioritise execution and scale. As retail investors increasingly seek tools to navigate market volatility and make data-driven choices, platforms that simplify equity research could influence the evolving landscape of retail investing in India and beyond.
