Stock broking app Punch raised $7 M Seed funding from Prime Venture, Innoven Capital

Punch, a stock broking platform, has raised $7 million from investors including Nitish Mittersain (Nazara), Kunal Shah (Cred), Vatsal Singhal (Ultrahuman), and Stellaris Venture Partners. The round was led by Prime Venture Partners and Innoven Capital.

The money raised will go toward user experience enhancement and marketing expense reimbursement through research and development (R&D) projects.

Punch, a company founded by Amit Dhakad, Hiral Jain, Arshad Fahoum, and Ajit Dandekar, seeks to encourage ethical trading practices by meeting the needs of this market segment with innovative products like user-friendly single-screen interfaces and safety features that are simple to use.

Punch’s integrated safety features reduce the possibility of big losses and assist traders in adhering to daily and weekly trading limits.

With a new outlook on trading safety, the team has been developing and testing Punch since 2022. With the app, users can easily open a trading and demat account.