Fintech startup AlgoBulls raises $2-M from Venture Catalysts, DSP Group, others

Mumbai-based AlgoBulls, an automated algorithmic trading platform and fixed-income securities distribution platform for retail market participants, has raised USD 2 million in a pre-Series A funding round led by Venture Catalysts. The funding round also saw participation from DSP Group, Findoc Finvest promoter Hemant Sood and Nitin Shahi (LetsVenture), Dishant Milan Parikh (Jainam Broking), Yuvraj Thakker (BP Wealth & Fort Capital), Sharath Kumar (ex-MD, Tower Research Capital), among other funds and family offices. The company will use the fresh capital to invest in our products and technology. AlgoBulls offers fixed-income securities with returns ranging from 7-14% per annum for retail in a fixed income marketplace, focusing on capital and income preservation.