2 weeks ago
Corpus Labs in Talks to Raise Pre-Seed Funding from Stellaris
Some smart grown-ups are building a new company called Corpus Labs.
It helps people look at their money, especially their mutual funds.
Mutual funds are like big baskets where many people put money together to invest.
Users can upload their financial statements to the company's website.
The website shows them which plans cost more and where money is sitting idle.
It also checks if their investments match their goals.
The company does not buy or sell anything for users; it only shows information.
The founders used to work at big companies like Peak XV, Groww, and JPMorgan.
Now they are talking to another company, Stellaris, to get funding to grow.
Corpus Labs, a wealthtech startup founded by former Peak XV analyst Saksham Mittal, is in talks to raise pre-seed funding from Stellaris Venture Partners.
The startup has disclosed on its website that it raised $4.2 Mn in pre-seed funding, though it did not identify the investors.
Mittal cofounded Corpus with former Groww executive Ayush Gupta and former JPMorgan executive Vineet Shukla.
The platform analyses users' mutual fund portfolios, flagging cost differences between regular and direct plans, fund overlap, idle bank balances, and asset allocation deviations.
Corpus is read-only, does not take custody of users' money, and does not recommend specific funds or earn from AMCs, brokers, or insurers.
- Who
- Saksham Mittal, cofounder of Corpus Labs, along with Ayush Gupta and Vineet Shukla; investor Stellaris Venture Partners.
- What
- Corpus Labs is in talks to raise pre-seed funding from Stellaris Venture Partners; it has disclosed $4.2 Mn in pre-seed funding on its website.
- Where
- India, where the wealthtech market is projected to exceed $95 Bn by FY30.
- When
- Not specified in the articles; Mittal left Peak XV in July and the startup recently came out of stealth.
- Why
- To fund Corpus Labs' read-only financial analysis platform for mutual fund portfolios in India's growing wealthtech market.
Key facts
- Startup
- Corpus Labs
- Founders
- Saksham Mittal, Ayush Gupta, Vineet Shukla
- Disclosed funding
- $4.2 Mn pre-seed
- Investor in talks
- Stellaris Venture Partners
- Product
- Read-only financial analysis platform for mutual fund portfolios
- Sector
- Wealthtech
- Market projection
- Over $95 Bn opportunity by FY30
- Mittal's previous role
- Analyst at Peak XV Partners (left in July)
Sources
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