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Turning to tech disruption for wealth creation

Zeva Astras, a tech-driven wealth management startup, has received funding worth $80 million from a US-based venture capitalist.

ET Bureau|
Last Updated: Jan 24, 2020, 01.50 PM IST
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Given the growth trajectory of the Wealth Management sector in India (27 per cent CAGR), the startup is assured of a lush playing field.
Given the growth trajectory of the Wealth Management sector in India (27 per cent CAGR), the startup is assured of a lush playing field.
A US-based venture capitalist is set to invest $80 million in the tech-driven wealth management startup, Zeva Astras. Founded in 2017 by C Deepak Srinivas and Basavaraj Puttappa, the startup intends to create a profitable investment ecosystem by integrating innovation to decode stock market myths and mitigate risk factors. Given the growth trajectory of the Wealth Management sector in India (27 per cent CAGR), the startup is assured of a lush playing field.

Enhance capabilities

The organisation aims to broaden the earning potential of investors by integrating technology and market analysis with its private wealth management and portfolio advisory services. Zeva Astras is on the verge of acquiring a PMS (Portfolio Management Services) license from SEBI, which would enhance its market operation capabilities. The founders believe that with heightened market manoeuvrability and a sound technical background, they would be able to create a conducive environment for investors.

Meet the leaders

Leading the way is C Deepak Srinivas, an MS in cybernetics and communication, who has over a decade’s experience in developing ‘crawlers’ which analyse stock markets. He also has expertise in computer systems and signal processing. Srinivas is supported by Basavaraj Puttappa, who brings in extensive knowledge on financial investment. Zeva Astras intends to channelise the funding to strengthen its ‘Deep Machine Learning’ capabilities to cater to the modern-day investor. The duo at the helm works closely with a dedicated team of engineers and economists to revolutionise wealth management in India.

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Redefining Tech At CES

7 Jan, 2020
If the Apple event is the curtain call that marks the end of the year in tech, it is the CES (Consumer Electronics Show) that kickstarts the year in technology. For the unversed, the CES is an annual trade show which is organized by Consumer Technology Association (CTA) in Las Vegas, Nevada.At CES, the who’s who from the world of technology come together and present breakthrough technologies for the next 50 years. Every year, innovators come up with pathbreaking technologies at CES and this year was no exception.From flying taxis, toilet paper robots to 8K TVs and 5G laptops, technologies introduced at the four-day trade show that began on January 7, ended up grabbing a lot of eyeballs.Here are some of the most interesting announcements from CES 2020.
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