Wright Research is a technology company.
Wright Research has raised $67K across 1 funding round.
Wright Research has raised $67K in total across 1 funding round.
Wright Research has raised $67K in total across 1 funding round.
Wright Research's investors include MDI Ventures, NGC Ventures.
Wright Research is a SEBI-registered Portfolio Manager and Investment Advisor based in Mumbai, India, specializing in quantitative, AI-driven investment strategies to manage portfolios and provide advisory services.[1][2][4] Its mission is to democratize access to data-driven quantitative investing, eliminating human biases through factor-based models, momentum strategies, and machine learning for consistent outperformance across market conditions, currently managing over ₹750 crore in assets for more than 25,000 clients.[2][3] The firm focuses on key sectors like disruptive innovation (e.g., electric mobility, biotech, ecommerce, fintech, green energy), equity, mutual funds, and alternatives, influencing India's startup ecosystem by curating portfolios that spotlight high-growth innovators from the top 500 companies.[1][5]
Founded in 2019 by Sonam Srivastava, who brings over nine years of portfolio management experience, Wright Research emerged as a fintech startup in Mumbai to address the need for accessible, scientific investment tools in India.[1][4][6] The idea stemmed from leveraging data science, machine learning, and quantitative research to outperform benchmarks, starting with robo-advisory for equity and mutual fund portfolios.[3][4] Early traction came from top-performing strategies with low drawdowns during the 2020 crisis, low costs, and partnerships like Smallcase and Cube Funds, evolving from advisory to full portfolio management while scaling to 12 employees and award-winning quant research.[3][6]
Wright Research rides the wave of AI democratization in Indian fintech, where quantitative strategies exploit local factors like momentum—the strongest in India—for outperformance amid booming retail investing post-2020.[2][3] Timing aligns with India's fintech surge, rising AUM in PMS/AIFs, and demand for bias-free tools as retail participation hits record highs, fueled by digital platforms and regulatory support for SEBI-registered advisors.[1][2] Market forces like generative AI integration and innovation in EV, biotech, and green energy favor its sector picks, positioning it to influence the ecosystem by channeling capital into 25+ high-potential startups/innovators via curated portfolios.[5] This amplifies funding for next-gen tech, bridging traditional finance with data-driven disruption.
Wright Research is poised to expand AUM beyond ₹750 crore by scaling AI-enhanced PMS products and innovation trackers, capitalizing on India's quant investing boom and retail adoption of thematic portfolios.[2][5][7] Trends like advanced ML for real-time risk modeling and deeper fintech integrations will shape its path, potentially boosting client base amid volatile markets where momentum factors shine.[2] Its influence may evolve from advisory to a broader ecosystem player, powering more startup growth through targeted allocations—reinforcing its role in making smart investing routine for every Indian.
Wright Research has raised $67K across 1 funding round. Most recently, it raised $67K Seed in January 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2021 | $67K Seed | MDI Ventures, NGC Ventures |