The funding was co-led by investors Manish Choksi, associated with Asian Paints, and Shubham Satyarth, founder of Sharpely.
Revolutionizing Stock Market Decision-Making
Founded in 2023 by brothers Devansh and Aman Mehta, OpiGo aims to revolutionize stock market discussions and decision-making. The platform offers features such as gamified community engagement, incentive-driven paper trading, consolidated broking, and in-depth stock research.
Notable Features and Tools
OpiGo introduces a new advisory vertical, enhancing user experience with tools like “Cards” for sharing stock opinions with real-time prices and analytics. The platform focuses on addressing challenges in the market by verifying SEBI-registered experts and using a scoring algorithm to improve transparency.
Addressing Misinformation and Promoting Engagement
In a market marked by misinformation and pump-and-dump schemes, OpiGo stands out by implementing measures to verify experts and promote transparency and engagement.
User Growth and Community Building
OpiGo claims to have a community of 3,900 investors, growing to over 7,500 users during its beta version.
Future Plans and Monetization Strategy
With India’s DEMAT account market projected to exceed 250 million by 2030, OpiGo aims to cater to the financial interests of India’s population. The startup plans to monetize through product distribution, transactions, advisory services, and a unique reward program. However, the primary focus remains on building a high-quality community of investors and learners.