Trading platform Trackk raises $1 M Seed funding from multiple investors
Leading family offices, angel investors, and notable investors such as Mga Ventures, GSF Ventures, GNP Group, and Paras Defence have contributed $1 million to the seed round funding of Trackk, a cutting-edge trading platform.
The Mumbai-based business had previously raised $100,000 from Maahavir Ventures in a pre-seed funding round.
According to a press release from Trackk, the new funding will be used for technology, team building, and creating a better user experience.
The Securities and Exchange Board of India (SEBI) has recently given the company permission to start offering brokerage services on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
A solid foundation of active traders and product insights was established by Trackk during its more than three years of operation as an Authorized Person, during which time it acquired over 1.5 lakh registered users and processed over 6,000 trades every day.
The next-generation stock trading app Trackk, which was co-founded in 2021 by Vedant Gupte, Aryan Jain, and Siddharth Thakkar, enables users to find stocks, trade from a single screen, and obtain behavioural insights throughout their trading journey.
“We believe the next generation deserves a seamless, technology-driven platform,” said Vedant Gupte, CEO at Trackk. “With our funding, SEBI approval, and strong leadership team, we are ready to bring a fresh, ambitious vision to India’s capital markets.”
In the upcoming months, Trackk intends to launch its trading platform, offering a simple, one-screen trading experience tailored for young Indians. In addition, the platform will provide data-supported portfolio ideas, behavioral insights, and customized stock reports to assist users in making wise choices and gradually enhancing their trading practices.
Its main rivals are Groww and Zerodha, two other significant businesses in this market.
