Stocktwits announces strategic partnership with Times Bridge
- ByTejika Bajaj | December 18, 2021
Social platform for investors and traders, Stocktwits recently announced a strategic partnership with the venture arm of Times Group- Times Bridge. This deal is a part of the start-up’s $30 million Series B investment round led by Alameda Research Ventures. As per the statements revealed by the company, Times Bridge will accelerate strategic alliances, platform localisation, and content for Stocktwits as part of this partnership.
Expressing his views upon the recent collaboration, the CEO of Stocktwits, Rishi Khanna said, “India is an incredibly dynamic investor market and we are thrilled to be partnering with Times Bridge to advance our mission and expand our reach in the subcontinent. We are looking forward to making a significant mark for ourselves in the Indian market where investors spanning many generations are ready for new and innovative platforms to learn, connect, educate and profit.”
The New York-based firm, which was launched in 2008, claims to have been the first to develop and organise conversations around the “cashtag,” which is a mix of a dollar sign and a ticker symbol, such as $AAPL, $TSLA among others, according to its website. Stocktwits has over 6 million users from around the world, of which over 1 million are active users on a monthly basis. In 2021, Stocktwits witnessed 50% year-on-year growth, it said in a statement.
Rishi Jaitly, founding CEO of Times Bridge said, “Times Bridge’s mission is to advance India’s entry, scale and leadership for the world’s best ideas in India. Stocktwits is one such idea that has, for years, offered groundbreaking social solutions, and access, for retail investors worldwide.”
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