As retail participation in India’s capital markets continues to surge, fintech startups focused on simplifying sophisticated investment tools are gaining fresh momentum. Hyderabad-based fintech startup Kalpi has raised Rs 3.75 crore in a seed funding round from Rainmatter Capital.
The newly raised capital will be deployed towards strengthening the company’s core team, acquiring high-quality datasets, improving product capabilities, and expanding distribution across both retail and institutional investor segments.
Founded in 2025 by Ashwar Gupta, Kalpi is building a rule-based systematic investing platform designed to make quantitative investing more accessible for both retail and institutional users.
The startup enables users to build, backtest, automate, and execute quantitative investment strategies across equities, ETFs, and mutual funds, bringing institutional-style investing tools into a more accessible digital framework.
Kalpi currently operates through two dedicated offerings — Kalpi.ai for retail investors and KalpiQuant.com for institutional clients including PMS firms, AIFs, RIAs, brokers, and family offices.
Its retail platform allows users to create stock baskets, analyse portfolios, and invest directly through broker integrations, while the institutional platform offers advanced capabilities such as portfolio optimisation, factor analysis, risk attribution, and strategy backtesting.
The company says its infrastructure significantly lowers the entry barrier for sophisticated quant investing tools that have traditionally remained accessible only to hedge funds and large financial institutions. According to Kalpi, institutional-grade quant infrastructure that typically costs between Rs 1–2 crore to build can now be accessed through its platform.
As India’s fintech ecosystem continues to mature, platforms like Kalpi are reflecting a broader shift towards data-driven and automated investing, particularly among a new generation of digitally native investors seeking smarter portfolio management tools.
-By Muskan Dengra
