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OpiGo Raises Rs 1.4 Crore in Pre-Seed Funding Round Led by Investors

Founded in 2023 by brothers Devansh and Aman Mehta, OpiGo aims to revolutionize stock market discussions and decision-making

Overview:

  • Mumbai-based all-in-one stock platform OpiGo has raised Rs 1.4 crore ($168,000) in a pre-seed funding round.
  • The round was co-led by notable investors Manish Choksi of Asian Paints and Shubham Satyarth, founder of Sharpely.

OpiGo’s Platform Features:

  • Founded in 2023 by brothers Devansh and Aman Mehta, OpiGo aims to revolutionize stock market discussions and decision-making.
  • The platform offers gamified community engagement, incentive-driven paper trading, consolidated broking, and in-depth stock research.
  • The new advisory vertical allows users to share stock opinions with real-time prices and analytics through innovative tools like “Cards.”

Addressing Market Challenges:

  • OpiGo stands out by verifying SEBI-registered experts and using a scoring algorithm to enhance transparency and engagement.
  • In a market with misinformation and pump-and-dump schemes, the platform emphasizes building trust and fostering informed decision-making.

User Base and Future Plans:

  • OpiGo claims to have a community of 3900 investors, growing to over 7,500 users in its beta version.
  • With India’s DEMAT account market projected to exceed 250 million by 2030, OpiGo aims to cater to the finance interests of India’s 40 crore individuals.
  • The startup’s monetization strategy includes product distribution, transactions, advisory services, and a unique reward program.
  • The primary focus remains on building a high-quality community of investors and learners.

OpiGo’s approach to revolutionize stock market discussions and decision-making, particularly by addressing challenges related to misinformation, transparency, and user engagement, positions it as a significant player in the evolving landscape of fintech in India. The funding raised in this round will likely contribute to further development and expansion of its platform and user base.

Ella: