JARVIS Invest expands to Australia, deploys AI-driven equity analytics & technology to enable investments in India and Australian equity markets.
JARVIS Invest,India’s first AI-based Investment advisory platform, is further expanding to Australia andhas chosen Melbourne as its Oceania headquarters. After the recent expansion in the Middle East for its B2B Enterprise product, the company has chosen to expand to Australia and tap into the country’s robust tech and investment ecosystem.
The company’s expansion into Australia is a key milestone in its global expansion plans. With the support of Australian investors, JARVIS Invest will be able to deploy its AI technology to invest in India and Australia equity markets, capitalizing on market opportunities and delivering superior returns for its clients.
Founded, by Sumit Chanda in December 2016, JARVIS Invest, was born out of a need to democratize portfolio management and address limitations in the equity investment model. The firm offers bespoke equity portfolio management solutions to both institutions and retail investors.
The Mumbai-based firm, JARVIS Invest, will be supported by the Government of Victoria, and is poised to generate tech/AI jobs in Melbourne. Over the next three years, JARVIS Invest plans to create a total of 30 jobs in the state of Victoria. Melbourne will be the hub for Australia’s AI-based fund management platform. JARVIS Invest has launched ‘JARVIS AI Analytics’ a tech company in Melbourne, which will primarily identify potential institutions, fund houses, banks, brokers with whom the technology will be shared.
To begin with, ‘JARVIS AI Analytics’ has partnered with a Sydney-based financial institution to manage its first fund for Australian investors. This fund will be completely AI-managed, with zero human intervention, and supported by the JARVIS AI Analytics Melbourne HQ. Targeted to institutions and family offices in Australia, the fund will be investing in diversified sectors in India – fastest growing economy in the world.JARVIS AI Analytics will also tie up with an independent Australian company, ‘AI Era’ to build a distribution base in Australia. This move will enable JARVIS Invest to sell its tech expertise to financial planners and self-managed super funds.
Mr. Sumit Chanda, Founder and CEO, JARVIS Invest said, “We are excited to expand in Australia and we thank State Government of Victoria for its support to launch AI based fund management platform in Melbourne. AI is already disrupting how businesses are done, and we believe there will be several economic opportunities that will flow from AI in the years to come. As we expand our B2B offerings globally, JARVIS AI Analytics will help institutions, banks, family offices in Australia to invest across key markets like India, Australia and US. JARVIS AI Analytics has identified its first fund based out of Syndey, which will be investing in India. This fund will be exclusively managed by AI-driven ‘JARVIS’, an exceptionally intelligent portfolio management tool, which has the capability of predicting the stocks, ETFs, & index prices in the Indian stock market and across 3 major global markets. In the current volatile global markets, the fund will offer unique solutions, in a dynamic macro environment, and devoid of human biases. We will continue to focus on India, UAE and Australia markets to launch more innovative solutions for the investment industry.”
Welcoming the opening of JARVIS Invest HQ in Melbourne, Ms. Michelle Wade – Commissioner, Victorian Government Trade & Investment for South Asia said, “Melbourne is the tech capital of Australia and the establishment of JARVIS Invest shows strong confidence in our industry, workforce and culture of innovation. Melbourne’s tech ecosystem continues to create favorable conditions that allow international businesses to thrive and grow, especially for companies like JARVIS Invest, and we are here to help grow their APAC business via the new Victorian operations.”
JARVIS has been performing consistently and has delivered superlative returns, across market conditions and offers bespoke solutions to the entire gamut of retail and institutional equity investors.In November 2021, JARVIS Invest had raised a seed round of USD 600k from a family office in UAE via the FDI route and raised another USD 1mn in November 2022. On an average, JARVIS portfolio has outperformed Nifty and has protected users from steeper crashes during market downfall.
About JARVIS Invest:
JARVIS Invest is India’s first Artificial Intelligence (AI) based investment advisory startup, founded by Sumit Chanda in December 2016. ‘JARVIS’ is an exceptionally intelligent Portfolio Management tool created by a team of seasoned individuals in the field of investments, research, and technology. With an aim to address limitations in equity investment, the company aims to simplify the fund and risk management process for institutions, fund managers, family offices and retail investors. Under its B2B business, the company offers AI-led advisory capabilities to institutions and fund houses in the form of end-to-end fund curation technology or fullstack market research APIs for selective analysis. JARVIS Invest’s retail product offers hyper-personalized AI-led investment portfolios based on an investor’s appetite and risk profile.
JARVIS has the capability of predicting the stocks, ETFs & index prices in the Indian stock market and across 3 major global markets. JARVIS Investment philosophy takes into consideration over 40 million local and global data points across fundamentals, price & volume time series, corporate actions, government policies, regulations & compliance, global & domestic events, sentiment data among other macros to achieve predictability and accuracy.
JARVIS Invest now offers its AI-led investment solutions in India, UAE and Australia. In November 2021, JARVIS Invest had raised a seed round of $600k from a family office in UAE and raised another USD 1 mn in November 2022.