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Savart develops an AI-powered wealth management platform designed to simplify and optimize investment strategies for individuals. The platform offers personalized investment advice and curates expert-backed portfolios, primarily assisting users with investments in stocks and mutual funds. Its core capability lies in leveraging artificial intelligence to deliver reliable and accessible investment solutions.
The company was founded in 2017 by Sankarsh Chanda. Chanda’s vision for Savart emerged from the insight that accessible and reliable investment tools were necessary for a broader audience. He aimed to democratize sophisticated wealth management by integrating advanced technology to guide individual investors effectively.
Savart primarily serves long-term investors seeking intelligent and effortless wealth growth. The platform targets individuals who desire personalized financial guidance within an intuitive digital environment. Savart’s long-term vision is to foster financial independence by continually enhancing its AI-driven advisory services, making robust investment strategies attainable for all.
savart has raised $2.5M across 2 funding rounds.
savart has raised $2.5M in total across 2 funding rounds.
savart has raised $2.5M in total across 2 funding rounds.
savart's investors include BEENEXT, Rajan Anandan, Kunal Shah.
Savart is an international investment advisory and technology company founded in 2017, specializing in AI-driven platforms that simplify stock and mutual fund investing through psycho-metric analysis to create customized portfolios based on investor temperament and goals.[1][3][4] It serves individual investors, particularly first-time market entrants (over 80% of clients), by offering advisory services across stocks, mutual funds, bonds, gold, and global markets like India, USA, and Canada, with a focus on long-term, stress-free wealth creation starting from as low as Rs 1000.[1][2][4] Key offerings include the APART AI system for automated research, portfolio monitoring, rebalancing, and recent expansions like the Ad Astra Fund PMS launched in 2023 and comprehensive financial planning via its Nirvana community.[1][2]
The company's mission is to democratize wealth creation and bridge financial inequality by making high-quality, personalized investment research affordable and bias-free, powered by technology for global outperformance in ethical, long-term investments.[1][3] With $2.05M raised in seed funding, physical presence in 4 Indian states via franchises, and ambitions to become a global asset management firm, Savart rides AI automation to expand internationally and serve rural/sub-urban investors.[1][2]
Savart was founded in 2017 by Sankarsh Chanda, who started the company at age 19 after authoring *Financial Nirvana* at 17—a book on beating markets with traditional values and modern planning.[1][2][3] As Founder & CEO, Sankarsh heads the APART AI division and chairs Savart; he also co-founded Stardour Aerospace, a space engineering firm building India's first private space shuttle.[3] The Chief Investment Officer brings over a decade of experience from global banks like Morgan Stanley and Royal Bank of Scotland.[3]
The idea emerged from Sankarsh's vision to democratize investment research, avoiding one-size-fits-all advice by tailoring portfolios to individual lifestyles via AI.[2][3] Pivotal moments include the 2019 launch of its first web/mobile app and APART AI for scalable, low-cost research eliminating human bias; 2022's P3 app version based on client feedback; international expansion to US/Canada markets; and 2023's Ad Astra Fund PMS, marking entry into portfolio management with fully AI-automated research from discovery to exit.[1][2]
Savart capitalizes on the AI-in-finance trend, automating fundamental analysis to eliminate bias, scale research, and make wealth management accessible amid rising retail investing in emerging markets like India.[1][2][3] Timing aligns with post-2020 digital adoption, global market volatility favoring long-term AI-driven strategies over speculative trading, and India's growing fintech ecosystem where 80%+ first-time investors seek simple tools.[1][4] Market forces like expanding rural/sub-urban access, international partnerships for seamless investing, and regulatory shifts toward PMS boost its position.[1][2]
It influences the ecosystem by pioneering AI for psycho-metric personalization, inspiring tech-led asset management, and fostering financial equality—evident in franchise growth and global ambitions—while competing in a crowded advisory space through superior coverage and outperformance focus.[1][3]
Savart is poised to scale as a global tech-driven asset manager, leveraging APART upgrades, Ad Astra Fund traction, and international expansion to capture mass-market investors in volatile economies.[1][2] Trends like AI democratization, rising global retail participation, and ethical long-term investing will propel growth, potentially evolving its influence from advisory to full-fledged asset management with physical/global footprints.[2][3] Watch for deeper rural penetration, new AI features, and partnerships amplifying its mission to make wealth creation universal—transforming how everyday investors achieve financial nirvana.
savart has raised $2.5M across 2 funding rounds. Most recently, it raised $2.0M Seed in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $2.0M Seed | BEENEXT, Rajan Anandan, Kunal Shah | |
| Nov 1, 2021 | $550K Seed | BEENEXT, Rajan Anandan, Kunal Shah |