VC Fund Investments
Young traders focused stock broking startup Punch raises $7-M
Company Announcement Times of India
Mumbai-based stock broking platform Punch has raised USD 7 million in seed funding from Stellaris Venture Partners, Susquehanna Asia VC (formerly SIG Venture Capital), Prime Venture Partners and Innoven Capital. The round also saw participation from angel investors including Kunal Shah (Cred Founder), Vatsal Singhal (Cofounder of Ultrahuman) and Nitish Mittersain (Founder of Nazara Technologies). The new funds will be used for R&D initiatives aimed at enhancing user experience and covering marketing expenses.Founded in 2021 by Ajit Dandekar, Amit Dhakad, Hiral Jain and Arshad Fahoum, Punch is a trading platform operated by Market Pulse Securities Pvt Ltd, a SEBI registered broker, and is tailored to help young traders pursue their passion for trading as a side hustle.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
