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InvestmentYogi launches personal finance portal; looks to raise $5 million VC fund

Hyderabad-based InvestmentYogi FinAdvisory Services has launched InvestmentYogi.com, a personal finance portal that aims to help users manage their money, plan their financial future and navigate through market fluctuations.

InvestmentYogi.com also offers social networking features like user review and discussion. The website has also introduced a tax planning application called TaxYogi to help users prepare their income tax returns.

Hyderabad-based InvestmentYogi FinAdvisory Services has launched InvestmentYogi.com, a personal finance portal that aims to help users manage their money, plan their financial future and navigate through market fluctuations.

InvestmentYogi.com also offers social networking features like user review and discussion. The website has also introduced a tax planning application called TaxYogi to help users prepare their income tax returns.

“InvestmentYogi is the first personal finance portal for India to weave social networking, analytics and video into traditional tools and services for financial planning, taxes and investing,” Mamtha Banerjee, CEO, InvestmentYogi, has said. “We have engaged with partners to provide reliable information to our consumers.”

The company is looking to raise $5 million (around Rs 20 crore) venture capital fund by the end of 2008. “We currently have enough seed to take us through the product completion. The series-A VC fund will be utilised to grow further,” Sanjay Joshi, CTO, InvestmentYogi, has said. [Source: Business Standard]

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