Funding · Financial Services
Kalpi raises ₹3.75 Cr seed round led by Rainmatter Capital
By Startup Enthusiast ·
- Date
- Company
- Kalpi
- What it does
- Systematic investing platform for quant strategies
- Kind
- Funding
- Amount
- ₹3.75 Cr
- Stage
- seed
- Based in
- Hyderabad
- Founded
- 2025
- Sector
- Financial Services
What they do
Kalpi builds rule-based platforms to create and automate quantitative investment strategies
What happened
The company raised ₹3.75 Cr in a seed round led by Rainmatter Capital
Why it matters
It offers lower-cost institutional-grade infrastructure compared to traditional systems costing ₹1–2 Cr
The details
- Kalpi has raised ₹3.75 Cr in a seed funding round.
- Rainmatter Capital, associated with Zerodha, led the investment.
- Founder Ashwar Gupta started the company in 2025.
- The startup is based in Hyderabad.
- Funds will strengthen the team and improve products.
- The company plans to acquire datasets and expand distribution.
The bigger picture
- Quant infrastructure remains expensive for smaller firms and retail investors.
- Kalpi targets both retail users and institutional clients simultaneously.
About the business
- Kalpi provides a rule-based systematic investing platform.
- Users can build, backtest, automate, and execute quant strategies.
- The platform covers equities, ETFs, and mutual funds.
- Retail product Kalpi.ai allows stock basket creation and portfolio analysis.
- Direct investment happens via broker integrations on the retail app.
- Institutional product KalpiQuant.com offers portfolio optimization and risk attribution.
- Clients include PMS firms, AIFs, RIAs, brokers, and family offices.
- It claims lower costs than traditional systems requiring ₹1–2 Cr to build.
What happens next
- Strengthen the team.
- Acquire datasets.
- Improve products.
- Expand distribution.
The deal
- Type
- Seed Round
Investors
- Rainmatter Capital (lead) — Venture arm of Nithin Kamath/Zerodha.
Founders
- Ashwar Gupta, Founder
About Kalpi
- Product
- Rule-based strategy building, backtesting, and execution platform for equities, ETFs, and mutual funds
- Customers
- Retail investors and institutional clients including PMS firms, AIFs, RIAs, brokers, and family offices
- How it makes money
- SaaS subscription model for institutional-grade quant tools and retail platform access
- What sets it apart
- Democratized access to institutional-grade quantitative infrastructure at fraction of traditional costs
Other articles talking about it
Same day
- Tonbo Imaging wins Navy microwave weapon contract19 May 2026 · Partnership
- BlackBuck posts Q4 profit of ₹65.7 crore19 May 2026 · Results
- Kuark Capital launches with $400 million target19 May 2026 · New fund · $400 million
- DevX posts ₹8 Cr profit in Q4 FY2619 May 2026 · Results
- MapmyIndia Q4 profit jumps 2.7x sequentially to ₹50.9 Cr19 May 2026 · Results
- UpGrad to acquire Unacademy in all-stock deal19 May 2026 · Acquisition · ₹2,055 crore