MATDEV INVESTMENT ADVISERS PRIVATE LIMITED
Sectors as filed: Advisory
The website is as filed on the register. We have not checked that it resolves. Something wrong with this record?
Six things we look for on every record: DPIIT recognition, a CIN, a website, a description, a logo and a funding signal. Not held here: DPIIT recognised.
Where this is
District
Bengaluru
Karnataka
Startup India records the district. We do not have a street address for this company, and we will not invent one.
No point is drawn, because we do not have one.
Geocode confidence: medium
See all Bengaluru records on the map How we placed this record
What this record amounts to
MATDEV INVESTMENT ADVISERS PRIVATE LIMITED is a Startup India record we can place no finer than Bengaluru district, which holds 34,244 records in this snapshot. 1,299 of those records are filed under Finance Technology, 4% of the district. The one funding signal on it is: Self-declared on the government form, unverified.
Every figure above is counted from the 2026-08 snapshot and is the same number the page it links to prints.
In their own words
Opportunity: Disrupting the Asset Management Segment of the Financial Services Industry by leveraging technology to streamline operations and distribution. Solution: India’s first Direct Only, Digital Only AMC platform with the lowest cost structure and simplest solutions for retail. Market Landscape: The active asset management industry has historically been distributor led, with high product complexity and high fee structure. Existing players are constrained by their legacy infrastructure in promoting passive, low-cost investment strategies for their customers. Penetration of passive investment strategy in India is only ~1% vs. close to ~50% in various developed markets Regulatory Tailwinds favor Symbl: SEBI launched Framework for Regulatory Sandbox to encourage innovative systems to promote and develop Financial Markets in India. Symbl is on track with the setting up of the pilot for Sandbox testing. The company is working with top legal advisers in the domain and have received encouraging feedback that the solutions fulfill eligibility criteria to apply for a Sandbox license. Registration of a Corp. Registered Investment Advisor (SEBI registered Entity) and further registration of Sandbox in Feb '21. Tech Platform development and integrations are in progress and on schedule for soft launch by Jan '21 Symbl will launch with Index Funds and ELSS funds for early adopters post final approval - by Jun '21 Fundraising: Ask & Terms: Raising INR4Cr @ INR 15Cr Pre-Money Valuation Commitments: Existing commitments of INR 3Cr Most of the angels investing in the current round are people from or linked to the capital markets or the finance industry. Amit Gupta, Co-founder @ Altitude Trading & ex-VP Barclays Rahul Gupta, Co-founder @ Altitude Trading & ex-VP Barclays Albinder Dhindsa, Founder Grofers Dhruv Arora, Founder Syfe Sachin Salgaonkar, MD at Bank of America Tejesh Chitlangi, Senior Partner at IC Universal Legal, Advocates & Solicitors Suneet Barve, Partner at IC Universal Legal, Advocates & Solicitors ...and others What is the company doing and why? Symbl is set out to develop India's first Digital only Asset Management Company that offers passive investment products, such as Mutual funds, directly to retail investors. At present, the industry is dominated by large traditional players that are riddled with complex distributor led networks and huge infrastructure (& operating costs). Symbl shall disrupt the Asset Management space with lower operating costs, deeper market penetration with direct digital access to end-users. In legacy systems, in order to register a Mutual Fund Scheme, an applicant shall have to go through a long and cumbersome application process that requires 5-year track records as a SEBI registered entity and recapitalization thresholds among other conditions. The recent regulatory transformation outlook & launch of the SEBI Framework for Regulatory Sandbox especially favors Symbl and offers facilities and flexibilities to receive appropriate regulatory relaxations to conduct the pilot launch of initial set MF schemes in a live and controlled environment on a limited set of real customers for a limited time frame. The Sandbox comes with the necessary checks and balances required for investor protection and risk mitigation. Revenue Model: To begin with, the AMC shall manage multiple mutual fund schemes and charge a small Fund Management Fee Future Revenue Streams include: B2B: Treasury and Liquidity Management for Corporates Quasi Salary linked A/C for Employees - offering features of a savings a/c and better yields B2C: Loans against MF NPS Securities Lending & Borrowing (based on regulatory developments) Founders: Anish Mathew: IIM-B Alum Ex Cisco Ventures, Premji Invest, Lehman Brothers 15+ years of investment experience across public markets, private equity, and venture capital. SEBI Registered Investment Advisor Rishav Dev: University of Essex Co-founded Dealshare - a social commerce platform, Ex - founding team Grofers and Nomura & Lehman Brothers in India & UK 15+ years of investment and start-up experience.
Written by the company on its public Startup India profile. Not verified by us.
What the record says
- CIN
- U65990KA2020PTC135922
- Registered on Startup India
- 2021
- Self-declared stage
- Prototype
- Industry
- Finance Technology
- Finance Technology in Bengaluru
- 1,299 records
- District
- Bengaluru
- State
- Karnataka
Funding signals
We hold evidence classes, not events. There is no amount and no date here because we do not have them, and a class says only where the company was named. 3,674 of the 34,244 records in Bengaluru carry a signal of some class.
- Self-declared on the government form, unverified
The neighbourhood
This record carries no locality line, so the district is the finest ring we can place it in.
What we do not know
- no incorporation date
- no address beyond the district
We have no liveness signal for any company on this site: no filings feed, no revenue, no check that the website still resolves. A record existing here means a record exists, not that a business is trading.
Is this your company?
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