Pickright Technologies said to raise RS 1 crore ($133,000) in funding

India-based Pickright Technologies has reportedly raised RS 1 crore ($133,000) in a round backed by unnamed angel investors from India, the UK and Singapore.

With the equity infusion, Pickright is looking to bolster product development, increase marketing efforts and strengthen its brand, according to a report from ANI News.

Pickright connects retail investors with stock market advisers based on accuracy, rating and several other metrics. There is a real-time scorecard designed to give users the ability to find the best adviser.

On the Pickright dashboard users can follow advisers based on historical recommendations and analysis. The platform claims to combine human and robo advisory. Users can get advice on equity, futures, options, mutual funds, commodities, currency and IPOs.

There have been a number of Indian FinTechs to close capital injections this year. Earlier in July, Jodo closed a RS 28.5 crore ($3.8m) seed round. The company helps middle-income families in urban India to better afford education by offering payments to be split into monthly instalments.

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