AlgoBulls Technologies Pvt Ltd, an algorithmic trading platform focussed on stock markets, has raised an undisclosed sum in a fundraising exercise.
The round in Mumbai-based AlgoBulls has been led by startup incubator and accelerator Venture Catalysts, which has been one of the most active early-stage investors in the country this year.
AlgoBulls was set up last year by Pushpak Dagade, Jimmit Patel, and Suraj Bathija. The company says its platform utilises algorithms to provide fully-automated, customised and professional stock-trading experiences.
In its business-to-business segment, it offers white-label solutions, trade-replication services, webhooks, and developer options.
AlgoBulls will use the capital it has raised to set up and build out teams in divisions including technology, operations, sales, and marketing, Dagade said. It will also explore expansion opportunities in countries such as the United States.