Stock trading startup MarketWolf bags $10 million in its Series A round of funding
- ByStartupStory | July 11, 2022
MarketWolf, a firm in investment technology, has completed its $10 million Series A round of funding. Jungle Ventures and Dream Sports’ Dream Capital took the lead in the funding round. Existing investors Crescent, Riverwalk, 9Unicorns, and iSeed took part in this round of fundraising as well.
The startup, which has offices in Mumbai and Singapore, has already raised $17.4 million. The money will be used by MarketWolf to expand its product line and add personnel for its engineering, marketing, and product teams.
The investing tech firm only charges brokerage when a trader is profitable as far as revenue generation is concerned. MarketWolf asserts that, despite market turbulence, the number of its active clients has increased 10X in the past year. In addition, MarketWolf intends to expand its product line for modern retail investors while reducing the risks connected with public capital markets.
MarketWolf’s founder and CEO, Vishesh Dhingra said, “Stock trading and mobile gaming both share features of high engagement, excitement, and experiential learning. As a result, we are at the crossroads of two of the most well-liked and hyper-growing industries in the new world. MarketWolf, which has risk management at its centre, is quickly emerging as the preferred stock trading platform for the mobile gaming generation, which enjoys experimenting with new and more immersive methods of doing things.”
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About MarketWolf:
MarketWolf was established by Vishesh Dhingra and Thomas Joseph in 2017, and over 1.5 million Indians had downloaded the app in the last 18 months. The firm caters to novice investors and offers a simple trading environment for the same. A risk management system, practice and learning courses, and small-ticket investing possibilities are all included in the MarketWolf app.
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