MarketsMojo to Raise $20-50M for Stock Research Expansion

MarketsMojo, a renowned stock research and analysis firm, is gearing up to raise $20–50 million in Series A funding as it plans to expand its operations. The company anticipates an equity dilution of 10–15% over the next one or two years. This expansion will span across the 21 countries where MarketsMojo currently provides its services.

The firm has also expressed interest in exploring private equity investments and potential integration with larger brands as part of their growth strategy.

Launched in 2015, MarketsMojo has made impressive strides within a short period of time. Presently, it covers around 4,000 listed companies in India and boasts approximately 1.2 million individual users, along with several institutional clients such as Axis Securities and Angel Broking.

Subscription fees for their service range from ₹4,999 at a basic level to ₹98,999 for a professional package; however, they are currently offering an enticing flash sale where Mojo Professional is available at an incredible discount of up to 85%.

In addition to these services, MarketsMojo recently launched portfolio management services (PMS), which currently manage ₹1,000 crore worth of assets under management (AUM). The firm aims to increase this figure fivefold within the next year, reaching ₹5,000 crore in AUM.

"Our aim is to become the Bloomberg of research globally," Mohit Batra, founder and CEO, stated during an interview with BusinessLine. "We aim not only to generate returns for our clients but also to attract investors worldwide, whether they're investing in markets like the US., UK., Japan., China, or India."

Despite being relatively young compared to other market players, MarketsMojo's recent expansion into global stock market analysis has felt its impact both domestically and internationally. About half a million people have registered to use their platform, which is designed for premium retail customers with portfolios ranging from Rs lakh crores.

Eight months ago, MarketsMojo ventured into portfolio management by launching MojoPMS after obtaining a PMS license. The firm primarily invests in top-tier companies and currently manages 1000 crores, mainly from high-net-worth individuals (HNIs), with an ambitious target to reach 5000 crores within the next year.

MarketsMojo's international presence is also on the rise with their recently launched Dubai-based international firm, InfinHub (International Financial Hub). This new venture mirrors its Indian operations across 21 different markets, including the US., Canada, Mexico, Japan, the UK., Europe, and Asia, as well as smaller economies like Sri Lanka, Pakistan, the UAE, and Saudi Arabia.

Looking forward to future growth strategies Batra mentioned that despite tracking a large number of stocks, they rely heavily on data science models rather than maintaining a dedicated research team. These models analyze financial data over the last decade for each company using four main parameters: quality, financial trend, valuation, and growth.

The company has experienced rapid growth since its inception, acquiring the majority of its users within the past five years at an annual rate of approximately percent. According to recent figures, the average ticket size ranges from Rs lakhs, with some portfolios holding even larger amounts.

To fund this ambitious expansion plan, MarketsMojo is considering raising between $20 and $50 million. Private equity investments or strategic alliances with larger brands looking to enter the market could provide the funding. In order to secure these funds, they are open to diluting up to 10–15% of their stake.