Market Pulse, a Mumbai-based market analysis platform that helps people navigate through and profit off financial markets, on Wednesday announced that it has raised $750,000 in pre-Series A round of funding. The round was led by HNI investors Ameet Desai (Founder, Anubhuti Advisors LLP and Ex-Group CFO, Adani Group), Aditya Goel (Director, Securcap, UK), Rashmi Kwatra (Founder and CIO, Sixteenth Street Capital), and Umasankar Nistala (MD and CEO, BNP Paribas India).
With this new investment, the platform aims to increase its reach and triple its active user base in the next 18 months.
Market Pulse will also use the capital to invest in technology to enhance its core trading platform, kickstart branding and marketing initiatives, and expand its team from 30 to 100 people.
Founded in 2015 by Amit Dhakad and Hiral Jain, Market Pulse is a stock market app with two million downloads. It claims to enable users to make better, faster and more informed trading decisions in the equity and commodity markets in India. The startup aims to level the playing field for traders and investors, providing everyone with access to real-time data and insights.
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