Stockal has acquired Acru, a company specialising in infrastructure solutions for NRIs and PIOs investing in Indian financial products
The acquisition aims to complete Stockal's cross-border investment ecosystem, enabling both Indian and global investors to invest in each other's markets
Stockal expects the deal to bring in INR 500-1,000 Cr of new investment into India over the next year
Bengaluru-based investment platform Stockal, which counts Aroa Venture Partners, July Ventures, HDFC Securities, Hashed Venture Fund and Czar Capital among its marquee investors, has bought fintech company Acru in a stock deal, marking its maiden acquisition.
However, without disclosing the deal size of the strategic acquisition, Stockal said that the move will allow it to offer a complete solution for cross-border investments.