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The app it said is designed around a goal-based investing approach, allowing users to invest in stocks, mutual funds, SIPs and IPOs.
The new option seeks to tap into India’s rapidly expanding SIP ecosystem.
The funding round saw participation from White Venture Capital and Samved Ventures, along with existing investors Y Combinator, GMO Venture Partners, and Rebel Funds.
The scheme is launched in partnership with MMTC-PAMP, a joint venture between PAMP SA (Switzerland) and MMTC Ltd, a Government of India enterprise.
