Hyderabad‑based fintech startup Kalpi has raised Rs 3.75 crore (approximately $450,000) in seed funding from Rainmatter Capital, the investment arm of Zerodha founded by Nithin Kamath. The investment gives the startup fresh momentum as it works to make quantitative and rule‑based investing more accessible in India.

Kalpi operates through two focused platforms: Kalpi.ai for retail investors and KalpiQuant.com for institutional clients such as PMS firms, AIFs, RIAs, brokers, and family offices. Its technology enables users to build, backtest, and deploy systematic investment strategies across equities, ETFs, and mutual funds without requiring coding expertise.

The platform offers tools including portfolio optimization, factor analysis, risk attribution, historical backtesting, and AI‑driven insights. By simplifying access to quant infrastructure, Kalpi is targeting a segment of the Indian investing market that remains relatively underserved compared to more mature global markets.

Founder Ashwar Gupta and the broader team are positioning the company around a clear thesis: India’s adoption of systematic investing still lags significantly behind markets like the United States, where quantitative strategies account for a much larger share of managed assets. Kalpi wants to close that gap by giving both retail and professional investors access to disciplined, data‑driven investment tools.

The startup’s approach also reflects a broader shift in Indian fintech toward products that emphasize transparency, automation, and long‑term wealth creation rather than speculative trading behavior. As retail participation in financial markets continues to grow, platforms that reduce emotional decision‑making are attracting greater interest from both users and investors.

The fresh capital will be used to strengthen Kalpi’s core team, acquire high‑quality datasets, improve AI and machine learning capabilities, and expand distribution across both retail and institutional segments. Product development around advanced analytics and intelligent investing workflows is expected to remain a major focus.

Rainmatter’s backing adds strategic credibility given the firm’s position in India’s fintech ecosystem. The investment arm has consistently focused on startups building long‑term infrastructure for financial access, investing, and sustainability, making Kalpi a natural fit within that broader vision.

The funding round also highlights Hyderabad’s growing role in India’s startup ecosystem. While Bengaluru and Mumbai remain dominant startup hubs, emerging fintech companies from other cities are increasingly attracting investor attention, particularly in sectors like wealth‑tech and financial infrastructure.

For the Indian investing community, Kalpi represents part of a wider evolution toward technology‑driven portfolio management. If the startup can continue improving accessibility and performance for systematic investing, it could become a meaningful player in India’s expanding wealth‑tech landscape.