Venture investors tracking this space mostly talk about the under penetration of the Indian equities market and the growth of the economy as the reasons for investing in new players, despite the known headwinds.
Former Swiggy chief technology officer Dale Vaz and Kotak Securities senior executive Manish Jain launched Sahi earlier this month. The company secured $7 million in equity funding from Accel and Elevation Capital.
Market Pulse Securities, a Sebi registered broker, launched technology platform Pulse and raised a $7 million round earlier this year from the likes of Stellaris Venture Partners, Prime Ventures and others.
“There could be around 10 crore Indians investing in the markets and within that there are around 5 crore active traders, as per NSE data… This market can definitely grow and technology will be able to solve this,” the founder of a wealth-tech firm said on the condition of anonymity.
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