The startup plans to use the fresh funds for research and development, technology and product enhancement and talent acquisition
The round, which is a mix of debt and equity, also saw participation of angel investors, including CRED’s founder and CEO Kunal Shah, Ultrahuman cofounder Vatsal Singhal and Nazara’s founder and CEO Nitish Mittersain
Founded in 2022 by Dhakad, Hiral Jain, Arshad Fahoum, and Ajit Dandekar, Punch is designed for first-time traders who aim to develop responsible trading behaviours through innovative and intuitive safety tools
Stock trading platform Punch has raised seed funding of $7 Mn (INR 58.7 Cr) co-led by Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners and Innoven Capital.
The round, which is a mix of debt and equity, also saw participation of angel investors, including CRED’s founder and CEO Kunal Shah, Ultrahuman cofounder Vatsal Singhal and Nazara’s founder and CEO Nitish Mittersain.