Wealthtech startup Univest is on track to achieve a substantial revenue growth of almost 200% year-over-year in the current fiscal year, driven by its strategic expansion into new tech-enabled financial services. The company, known for its stock broking offerings, has recently diversified into mutual fund advisory and distribution, broadening its revenue streams.
Univest’s revenue surged by 3.5 times year-over-year to ₹44.1 Cr in the previous fiscal year, although it reported a loss of ₹30 Cr. Looking ahead, the startup anticipates a remarkable 250% year-over-year increase in revenue for FY26, aiming to surpass the ₹150 Cr revenue milestone.
CEO Pranit Arora highlighted that Univest’s growth is attributed to the rising subscriptions and the expansion of its brokerage business. With an initial operating revenue of ₹44.1 Cr in FY25, the projected 200% revenue surge would propel the startup’s revenue beyond ₹130 Cr in FY26, paving the way for profitability in the subsequent financial year.
Founded in 2022, Univest has established itself as a key player in the wealthtech sector, offering personalized advisory services to retail investors through its tech-enabled platform. The startup’s subscription-based model, priced attractively from ₹5 per day for stock research, has garnered over 5 Lakh paid users and more than 75 Lakh app downloads.
Univest’s strategic move into the stock broking domain has already started contributing significantly to its revenue, accounting for 10-12% currently, with expectations to reach 30% in the near future. The company’s revenue diversification strategy, coupled with its tech-driven approach, positions it for sustained growth and market expansion.
Source: Inc42 Media