Gumption Labs have developed AI backed Products to make investing easy for everyone. The team wanted to get the common person to invest, without any hassle and wanted the investments to be made so simple, that a first time investor can finish the entire process in 5 minutes. For this very purpose Fund Expert was created. The very motto of FE is investments made easy and credible Artificial Intelligence that has been formulated through the learning from Traders Cockpit, which is again an exclusive platform for the experienced traders and investors. Both Fund Expert and Traders Cockpit are the brain children of Gumption Labs.
GUMPTION LABS EUREKA MOMENT
The team genuinely saw a need to make a difference in the way how everyday Indian investments are done. Fund Expert is designed in such a way that it gives a chance to the investor to make informed choices about their money as per individual risk profile and financial goals. Traders Cockpit has powerful decision making tools for active traders, education programs for newbies.
THE CORE TEAM
Anuraag – He is a Finance domain expert, and a Gold Medallist from IIT Chennai and MBA from IIM Bangalore. He is active in financial markets for more than a decade and drives the algoirthmic research initiatives in-house. Amit- He is a Computer Science Engineer and MBA from XLRI, Jamshedhpur. In past, he has built various SAS products in different domains. He drives the product and AI engine development. The team includes 17+ team members who take care of Technology and Customer Engagement functions.
REVENUE, TRACTION AND GROWTH
Traders Cockpit was launched around 5 years back, it is a decision making tool for active traders and investors. It has decent traction on the same, more than 70k registered users, more than 40k strategies and screeners are created on the platform.
USP AND REVENUE MODEL
Data and Insights gathered by solving problems of Traders Cockpit customers has enabled the start-up to come up with the AI engine that generates algorithms which powers Fund Expert. This is big differentiation as there is pure Robo Advisory solution unlike most of the players which are just “Manual advisers with online platform.” Startup’s revenue model is based on subscription.