VC Fund Investments
Fintech co Savart raises Rs.4-Cr from Beenext, YAN, others
Hyderabad-based Savart, an investment advisory and technology brand, has raised nearly INR 4.09 crore (USD 549,000) from Beenext, Yatra Angel Network (YAN) and Jitendra Gupta. Beenext has invested INR 3 crore in Savart, while YAN invested INR 84 lakh and Gupta, INR 25 lakh. Savart plans to use the funds to develop its AI-based investment-research algorithm Vantage, fuel expansion in Canada, grow its client base and for general corporate purposes. Savart had been previously backed by Ajay Batra, Executive Vice-President - Venture Fastrack, Wadhwani Foundation and Narayan Shadagopan.
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