Funding · Financial Services
Corpus Labs in talks to raise pre-seed funding from Stellaris
By Startup Enthusiast ·
- 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
- Stellaris Venture Partners (lead)
Founders
- Saksham Mittal, cofounder
- Ayush Gupta, cofounder
- Vineet Shukla, cofounder
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