Hyderabad-based financial technology startup Kalpi has successfully raised ₹3.75 crore in a seed funding round led by Rainmatter Capital, the investment arm of Zerodha co-founder Nithin Kamath. The capital infusion is aimed at accelerating the growth of the company’s rule-based investing platforms for both retail and institutional investors, enabling broader adoption of quantitative investment tools.
Founded in 2025 by Ashwar Gupta, Kalpi builds technology that allows users to construct, test, automate and deploy investment strategies across various asset classes including equities, exchange-traded funds (ETFs) and mutual funds. The startup currently operates two distinct platforms tailored to different segments of the investment ecosystem: Kalpi.ai for retail users and KalpiQuant.com for institutional clients.
The funding will be utilised to strengthen the company’s technical and research team, acquire enhanced datasets, upgrade product capabilities and expand distribution across a wider range of retail and institutional players. Kalpi’s platforms aim to democratise access to advanced quantitative investing infrastructure, which is typically available only to large financial institutions at a significantly higher cost.
Kalpi.ai is designed with retail investors in mind, offering features such as creation of stock baskets, portfolio analysis tools and seamless execution of trades via integrations with brokerage partners. The platform enables individual investors to build and monitor diversified investment strategies with automation and data-driven insights.
On the institutional side, KalpiQuant.com caters to more sophisticated users, including portfolio management services (PMS) firms, alternative investment funds (AIFs), registered investment advisers (RIAs), brokers and family offices. This platform offers capabilities such as portfolio optimisation, factor analysis, risk attribution and strategy backtesting. By providing tools that bring quantitative research and systematic execution into institutional workflows, KalpiQuant.com supports more data-driven decision-making for professional investors.
The startup emphasises that its technology stack delivers institutional-grade quantitative investing infrastructure at a lower cost than traditional systems, helping smaller investment firms and individual asset managers access capabilities that were previously restricted to larger organisations.
With this fresh capital, Kalpi plans to enhance its offerings further, deepen industry partnerships and scale operations as it competes in the emerging space of AI-enabled and data-driven investment platforms.
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