Investment platform Stockal raises $9M in Series A round

Stockal

Stockal has raised $9 million in the Series A round of funding. In this round Hashed, PEAK6, ARC Group Ventures, Trica, 7Square, AZ Ventures, Czar Capital, Riso Capital, and existing investors took participation.

Stockal, which has its headquarter in New York with an India office in Bengaluru, is planning to utilize the fundings to expand its reach and enter the South East Asia market. It already has its existence in the MENA region.

Stockal has recorded the valuation of $750 million worth of transactions in the last 20-odd months.

Previously, Stockal had raised about $4million from HDFC, AROA Ventures, Cadenza Capital, July Ventures, and others.

This startup has tied up with financial services firms such as HDFC, Motilal Oswal, IIFL, Geojit, Scripbox, JM Financial, Centrum Wealth etc to put forward their customers a global investing platform.

EXECUTIVE OPINION:

Stockal Founders Sitashwa Srivastava and Vinay Bharathwaj said, “The last couple of years have highlighted that there is tremendous appetite among retail investors to make their money borderless and they will make the leap provided the required ecosystem is available. We are working very closely with banks and regulators in all our markets to make Stockal an extremely seamless platform."

Simon Kim, CEO and Managing Partner at Hashed, said, “We are very bullish on the global investing trend. As financial boundaries are becoming smaller, people in Asia are looking at investing options which are global and democratic. We believe Stockal has the right ingredients to build global leadership in this space."

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Startups

Investment platform Stockal raises $9M in Series A round

Tags : Stockal

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