FundsIndia gets funded Mon, 02/08/2010

Greetings from FundsIndia!

We would like to share some good news.

FundsIndia has completed a Series-A round of investment from Inventus Capital Partners, a venture capital firm in Bangalore. You can read more about this in the press release we have issued. Link

Inventus Capital Partners are wonderful people. The firm is led by Kanwal Rekhi, a legend in the field of entrepreneurship and venture capital - not just in India, but around the world. We had a great time working with him, his colleagues John Dougherty, Samir Kumar, and Parag Dhol over the past couple of months as we finalized the deal. They like our business model and are very enthusiastic about FundsIndia's prospects in the retail financial services world in India.

Almost two years ago, when Chandra and I started putting this company, business and platform together, we had a vision for both how the service should be, and how the business would work. We have been working with our wonderful team of technical, customer service and operations folks to turn this vision into reality. We still have quite a distance to go before we have a finished product in our hands. However, it gives a tremendous boost of confidence and energy when a firm like Inventus reposes faith in us and choses to invest in our potential success.

Our goal is to be the number one online financial service provider in the country and thanks to the successful closing of this investment from Inventus, we are confident of achieving that goal.

What does this mean to our customers?

Firstly, it means that we are here to stay. We are here to make a difference, and we will be an enduring solution for investors around the country for a long, long time to come.

Secondly, it means that our customers can see our platform improve in many different ways - more services, wider offerings and improved user experience on and off the online platform.

Also, the investment gives us the opportunity to take our offering to more and more people around the country. We have had many of our customers asking us wondering why we are not advertising more. Well, that will begin to happen now.

In summary, we will be able to take our services to more people and serve them all better.

One thing that will not change, however, is our commitment to providing great customer service to all our customers regardless of their portfolio size.

Many, many of our customers have encouraged and participated in the growth of our platform and services over the past year and a half. Our sincere, heartfelt thanks to all of them for their support!

Happy Investing!
- Srikanth Meenakshi