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Funding · Financial Services

Corpus Labs in talks to raise pre-seed funding from Stellaris

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Date
Company
Corpus Labs
What it does
Financial analysis platform for mutual funds
Kind
Funding
Amount
$4.2 Mn
Stage
pre-seed
Sector
Financial Services

What they do

Corpus Labs offers a read-only platform that reviews users' mutual fund portfolios

What happened

It is in talks to raise pre-seed funding from Stellaris Venture Partners

Why it matters

The startup enters a crowded wealthtech market projected to exceed $95 Bn by FY30

The details

  • Corpus Labs is in talks to raise pre-seed funding from Stellaris Venture Partners.
  • The company has raised $4.2 Mn in pre-seed funding, according to its website.
  • Stellaris Venture Partners is the potential investor in this round.
  • The funding is at the pre-seed stage.

The bigger picture

  • Corpus Labs is entering a crowded wealthtech market with many startups building digital products for retail investors.
  • India's wealthtech industry is projected to become a $95 Bn opportunity by FY30, driven by digital-first investors.
  • Competitors like Centricity and Veriqus Group have raised large rounds recently.

About the business

  • Corpus Labs offers a financial analysis platform that reviews users' mutual fund portfolios.
  • Users upload consolidated account statements from CAMS or KFintech or connect via the account aggregator framework.
  • The platform identifies cost differences between regular and direct mutual fund plans, overlap among funds, idle bank balances, realised and unrealised gains, and deviations from asset allocation.
  • Corpus also offers mutual fund performance data, a retirement calculator, and a tool for comparing income tax liabilities under old and new regimes.
  • Corpus does not allow users to execute investments or transactions; the product is read-only.
  • It does not take custody of money and does not recommend specific funds.
  • Corpus earns nothing from asset management companies (AMCs), brokers or insurers.

The deal

Type
pre-seed

Investors

Founders

  • Saksham Mittal, cofounder
  • Ayush Gupta, cofounder
  • Vineet Shukla, cofounder

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