StockDaddy raises $1 million in funds to expand its e-learning platform for investment & training
- ByStartupStory | May 24, 2022
StockDaddy, a Gurugram-based edtech business that teaches individuals about stock market investing and trading, has secured $1 million in its fourth round of funding from Jitender Lall, Managing Director of Proactive Healthcare Pvt. Ltd. StockDaddy has opened a new office space in Mumbai’s Andheri neighbourhood.
StockDaddy, which was started by Alok Kumar and Ranjeet Kumar in 2020 and intends to cover the huge learning gaps in stock trading/investment with tailored courses and material, has also completed its third round of funding from five angel investors in March 2022.
Alok Kumar, Founder & CEO of StockDaddy said that positivity is returning to the market as the Pandemic becomes less severe and firms focus on development sectors. People, on the other hand, have begun to invest in the stock market, a hitherto untapped source of income for 98% of India’s population. Also, more than one lakh downloads of the StockDaddy app in less than sixty days indicate that people’s mindsets are shifting, and StockDaddy is actively encouraging this shift.
Under the leadership of Jitender Lall, a Manipal Institute of Technology alumni, Proactive Healthcare has been in the market for about two decades. Jitender Lall further said that StockDaddy is working on the “Fit for All” business model, and the board of directors has a lot of competent individuals who can help the company reach its goals in a market with a lot of potential.
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