Punch Seeks To Capitalise On Stock Trading With $7 Mn Funding

Punch Seeks To Capitalise On Stock Trading With $7 Mn Funding

SUMMARY

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.

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