Punch, a burgeoning stock trading platform, has successfully garnered $7m in a recent seed funding round.
This financial injection combines both debt and equity components, according to a report from Money Control.
The round was led by an impressive consortium of investors including Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, and Innoven Capital.
Additionally, notable angel investors like Kunal Shah, CEO of Cred; Vatsal Singhal, co-founder of Ultrahuman; and Nitish Mittersain, CEO of Nazara, also contributed to the funding.
At its core, Punch aims to redefine stock trading through advanced technology. The platform is designed to streamline the trading experience, making it more accessible and efficient for users.
Amit Dhakad, co-founder of Punch, stated, “We are going to largely focus on R&D itself. The problems that we have identified are meaningful. People are seeing new habits formed by using our app and we want to develop this and scale.”
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