BlackSoil Capital has contributed Rs 25 crore ($2.7 million) to Zanskar Technology, a quantitative trading and execution infrastructure company.
Peak XV Partners is supporting the Bengaluru-based startup.
According to a press release from Zanskar Tech, the new funds will be used to expand its institutional presence and keep investing in state-of-the-art trading infrastructure.
Zanskar Technology, a quantitative trading and execution infrastructure company, was established in 2022 and provides institutional and retail brokerage services via its Nubra platform. It offers a variety of market players institutional-grade, low-latency execution.
AMCs, PMS/AIF funds, VC/PE firms, family offices, and proprietary desks are among the institutional clients that Nubra serves with execution and brokerage services. Additionally, it is constructing infrastructure for international market-making.
Zanskar claims that the platform is based on an entirely in-house technology stack that includes low-latency execution algorithms, exchange co-located infrastructure, and proprietary OMS and RMS systems.
The platform has served as an authorized market maker for a number of ETF products and has onboarded numerous institutional clients in just six months since its launch. With more than 25,000 demat accounts onboarded, Nubra’s retail platform has also grown in popularity, providing individual investors with institutional-grade execution.
BlackSoil was founded in 2016 and offers alternative credit solutions for both short-term and long-term capital needs to underserved and rapidly expanding new-economy businesses. It has fourteen publicly traded companies and eleven unicorns in its portfolio.
