Results · Financial Services

Univest projects FY26 revenue to cross ₹130 crore

By Startup Enthusiast · 21 February 2026

What they do

Univest offers stock research and SEBI-registered advisory services to retail investors

The company projects FY26 revenue to exceed ₹130 Cr after a ₹44.1 Cr year

It aims for profitability in FY27 while expanding into broking and mutual funds

Univest projects its fiscal year 2026 revenue to surge nearly 200% year-on-year.
The company expects total revenue to cross the ₹130 Cr mark in the current fiscal.
This follows a strong performance in FY25 where operating revenue reached ₹44.1 Cr.
FY25 revenue grew 3.5X from the preceding fiscal year which stood at ₹12.5 Cr.
Total expenses rose by 68% to ₹74.4 Cr during the fiscal year 2025.
The company reported a net loss of ₹30 Cr for the fiscal year 2025.
Univest plans to achieve projected profitability by the financial year 2026-27.
The firm has raised almost $13 Mn in total funding to date.

The business is transitioning from pure advisory to a full-stack trading ecosystem.
Regulatory changes are impacting F&O revenue through higher taxes and lot sizes.
The company is launching mutual fund advisory to diversify its revenue streams.
Retail participation in derivatives is declining due to structural government changes.
Univest aims to shift user behavior toward SIPs and long-term investments.

Univest provides advisory services to retail investors via SEBI-registered advisors.
Recommendations are based on individual risk tolerance and financial goals.
Subscription pricing starts at ₹5 per day for basic stock research.
Advanced plans cost around ₹16 to ₹17 per day for users.
The platform has over 5 Lakh paid users across its services.
App downloads have crossed 75 Lakh indicating significant market reach.
It entered the stock broking segment in February of the previous year.
Broking now contributes 10-12% of overall revenue to the company.
The company targets broking revenue to rise to 30% next year.

Bertelsmann India Investments (BII) (lead) — Led the most recent **$10 Mn fundraise** in December 2024.