StockDaddy has acquired an undisclosed sum of money from angel investors
- ByStartupStory | February 24, 2022
StockDaddy, a Gurugram-based ed-tech business that teaches individuals about stock market investing and trading, has secured an unknown sum from angel investors. To address the organization’s expanding demands, StockDaddy will use the cash to build centres in the capital cities of all 29 states, improve technological infrastructure, and hire more team members.
Angel investors lead the round, including TS Shridhar (Executive Director, City Union Bank), Gurmimdar Pal Singh and Jatin Arneja (Directors at Smart Equity Brokers), Avinash Singh (MD, MyBioDx Healthcare), and Anil Goswami (Executive Director, City Union Bank) (Director at New Green Carriers India).
The funds will be used by the company that teaches individuals how to invest and trade in stock markets to build centres in major cities, improve technological infrastructure, and hire more personnel to fulfill the company’s expanding demands.
By the end of March 2022, the company hopes to have 5 lakh users on the app.
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