In an era where retail investors are inundated with information—some reliable, much misleading—OpiGo emerges as a game-changer. Founded in 2023 by brothers Devansh and Aman Mehta, the Mumbai-based tech platform bridges the gap between retail investors and SEBI-verified stock market experts. OpiGo’s innovative tools, transparent community-driven approach, and commitment to informed decision-making position it as a standout player in India’s burgeoning investment ecosystem.
The Genesis of OpiGo
Growing up in a family where investments and finance were dinner table discussions, Devansh Mehta developed a fascination for the stock market early on. At just 15, he tasted the thrill of stock market returns. After earning his Chartered Accountant (CA) degree, Mehta honed his skills at Blackstone’s India asset and wealth management business, ASK Group.
While advising family offices and high-net-worth individuals, Mehta observed a troubling pattern—most retail investors relied on hearsay or unverified tips for their investment decisions. Recognizing this white space, Mehta envisioned a platform that combined expert-backed insights with community-driven collaboration to tackle the rampant misinformation and shallow recommendations that plague the stock market.
How OpiGo Stands Out
1. Verified Expertise:
OpiGo collaborates with SEBI-registered experts, ensuring that its users receive credible, well-researched stock recommendations.
2. Innovative Tools:
The platform’s signature “Cards” feature allows users to express bullish or bearish opinions, backed by real-time prices, analytics, and timeframes. These insights foster meaningful discussions and enable retail investors to assess market sentiment effectively.
3. Transparent Scoring System:
To ensure accountability, OpiGo scores users based on the accuracy of their predictions. This transparency builds trust within the community and encourages quality insights.
4. Accessible Design:
With a focus on intuitive UI/UX, OpiGo caters to both seasoned traders and first-time investors, making it user-friendly and inclusive.
Growth Trajectory and Achievements
Since its launch in March 2023, OpiGo has:
Gained a 7,000+ user base in less than a year.
Built a paid subscriber base of 1,000 individuals within three months of launching its subscription model.
Secured ₹1.5 crore in pre-seed funding from prominent investors like Manish Choksi (Asian Paints) and Shubham Satyarth (Sharpely).
With India’s DEMAT account market projected to exceed 250 million by 2030, OpiGo aims to tap into the financial needs of India’s 40 crore able investors, fostering a culture of informed and confident investing.
Revenue Model and Future Plans
OpiGo’s monetization strategy is as innovative as its platform:
Subscription Plans: Monthly subscriptions are priced at ₹700, and annual plans at ₹5,000, providing users access to insights from multiple SEBI-registered experts.
Reward System: Accurate predictions earn wallet credits redeemable for discounts on gift cards, adding a gamified layer to user engagement.
B2B Solutions: Soon, OpiGo will aggregate expert insights for stock brokers via API solutions, creating an additional revenue stream.
Expanding Offerings: Plans are underway to include mutual funds, unlisted shares, and insurance advisory services.
The company is eyeing an annual revenue run rate (ARR) of $5 million by FY26, contingent on raising additional funds in early 2025.
The Bigger Picture
As social trading grows in popularity, OpiGo stands apart by addressing common pitfalls such as misinformation, spamming, and the influence of unverified financial influencers. By blending expert insights with community-driven discussions, OpiGo provides a credible alternative for retail investors navigating the stock market’s complexities.
Its mission extends beyond wealth creation—it aims to democratize investing by making expert-backed recommendations accessible to all, regardless of their financial background.
