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Business

Truemind Raises USD 200,000 From Some Of Prominent Names

The funding will be used for product development and hiring talent to scale at PAN India level.

Currency note (Image: PTI)
Currency note (Image: PTI)

New Delhi: Truemind has raised USD 200,000 (INR 1.6 Cr) a few months ago from some of the prominent names like Mohit Satyanand (an active angel investor, invested in 30+ startups, and cofounder of the company that runs Jaipur Literature Fest), Chanpreet Arora (Chief Business Officer of Voot India), Vishal Jindal (co-founder of Biryani By Kilo), Harman Singh Sandhu (Senior Partner, Shardul Amarchand Mangaldas) among others.

The funding will be used for product development and hiring talent to scale at PAN India level. Truemind is a fee-only SEBI Registered Investment & Personal Finance Advisory platform with assets under advisory of 175 Crores in zero commission products like direct plans of mutual funds.

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Established in 2014, Truemind uses time-tested proprietary models and automation to generate 3-6% higher returns over the benchmark at much lower risk.

Truemind manages investments of busy working professionals like CXOs, founders, entrepreneurs, doctors, advocates, NRIs etc.