All about Sovrenn
A tool for finding, analysing, tracking, and studying stocks, Sovrenn also encourages financial literacy. The organisation, founded by Akriti Swaroop, Aditya Joshi, and Apoorva Joshi, does not engage in stock market trading advice; instead, it just offers consolidated data.
The company was founded in 2023 and currently has over 1.25 lakh utilizers. They entered the tank with a plan to grow becautilize they were completely bootstrapped. They put the company’s valuation at Rs 100 crores and requested an investment of Rs 1 crore for 1% stake.
Illustrious educational background of the founders
The Sharks were pleased by each founder’s distinguished educational background. Akriti stated that she received her engineering degree from IIT Khadakpur, her MBA from IIM Calcutta, and her CFA charter. Apart from this, Aditya was her classmate at IIM, and she spent five years working for Deutsche Bank.
Aditya further revealed that he completed his engineering degree at IIT Delhi, earned an MBA from IIM Calcutta, was a silver medallist at IIT Delhi, had a position at IIM, worked for BCG for six years, and then joined Lenskart for 1.5 years, where he reported to vice president Peyush Bansal.
Apoorva, Aditya’s sister, also disclosed that she completed her B Tech in Chemical Engineering at IIT Delhi.
Concern over AI integration
The creator continued by stateing that they built a net revenue of Rs 3 crore in 2024–2025, Rs 2 crore in 2023–2024, and Rs 1.4 crore in 2025–2026 through October.
The Sharks were alarmed by the company’s share split. The company’s claim to be manual-driven and the roadmap’s lack of AI integrations became two large concerns for the Sharks.
“Seeing your cohort conversion, I feel somewhere you are lying to yourself; in reality, this is obtainting converted at a fin-fluencer’s fan following,” Anupam Mittal stated.
He added that it was “not an investible business”. “Start embracing AI today, not tomorrow,” he added.
Kunal Bahl stated that although the founders were “amazing equity analysts”, they would be “left behind in the academic world”. “Tech product capability has not yet been built out, so I am out,” he added.
Aman Gupta stated he pitied the founders. “This is what AI is doing to a lot of businesses. Disruption is real,” he added.
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