- Investmates is an AI-based Wealth Assistant data-driven and analytical platform designed to provide valuable insights and information about a wide range of investment products, including stocks, ETFs, mutual funds, and others.
- InvestMate originated from the concept of utilizing cutting-edge technology to create a contemporary investment platform that connects users with exceptionally credible experts. This simplifies the investment management process and brings financial objectives within closer reach.
- Currently, the company offers a Portfolio Dashboard that includes Stocks, Mutual Funds, and Cryptocurrency, along with Actionable Insights and Analytics, Portfolio Health tracking, and a holistic view of Family Net Worth. They are also gearing up to expand their offerings by including more asset classes like Savings, Deposits, Bonds, Digital Gold, Insurance, Provident Fund (PF), and National Pension System (NPS). Moreover, they have plans to introduce an AI Wealth Assistant and enhance their capabilities with features such as Dividend Management in the near future.
- The company will soon launch its AI-powered wealth assistance tool, "OTTO", designed to empower investors. It provides users with 24/7 access to a wealth assistant that delivers contextualized and hyper-personalized responses. Additionally, it offers robust portfolio analysis and more to enhance the investment experience.
- InvestMates was able to grow quickly to reach 300+ cr wealth being managed in the platform and is poised to cross 1000+ cr in the next 3 months.
- Investmatess, a brand under IMates Technology Private Limited, was officially registered on December 2, 2021, with its registered office located in Periyanaickeupalayam, Coimbatore, India.
- The distribution of shares by the company is illustrated as follows::-
Shareholder (for FY23) | No. of equity shares | % of holding |
Prakash Nagarajan
| 145000 | 96.66% |
Nagarajan Poornima
| 5000 | 3.33% |
The company maintains an ESOP pool with a total of 14,317 equity shares. Additionally, in its pre-seed round, the company has allocated 25,803 Convertible Cumulative Preference Shares (CCPS).