MarketWolf

Key Highlights:

  • Investment tech startup MarketWolf raised $10 Mn in its Series A round of funding.
  • MarketWolf plans to use these funds in building its product suite and hiring product, marketing and engineering teams across.
  • It is estimated that total equity in the Indian stock market was $990 billion in FY21, and it is expected to rise 2.3x to $2.2 trillion in FY26.

Investment tech startup MarketWolf raised $10 Mn in its Series A round of funding. The round saw participation from Jungle Ventures and Dream11’s Dream Capital including its Existing investors like 9Unicorns, iSeed, Crescent and Riverwalk.

MarketWolf is a Mumbai and Singapore-based startup and was Founded by Vishesh Dhingra and Thomas Joseph in 2017 by Vishesh Dhingra. In India, the app has had over 1.5 Mn downloads in the last 18 months.

Till now the startup has raised $17.4 Mn in funding. MarketWolf plans to use these funds in building its product suite and hiring product, marketing and engineering teams across.

Investing in small amounts is easy with MarketWolf’s app, which allows users to manage risks, practice, and learns. In spite of market volatility, MarketWolf claims its active client base has grown 10X over the last year.

Aside from launching more products for new-age retail investors, MarketWolf plans to mitigate the inherent risks associated with public markets.

The founder & CEO of MarketWolf, Vishesh Dhingra said, “Today, we find ourselves at the intersection of two of the most popular and hyper-growing sectors in the new world – stock trading and mobile gaming – which share a high level of engagement, excitement, and experiential learning. Mobile gaming enthusiasts, who like to explore new and more immersive ways of trading stocks, look to MarketWolf, which places risk management at its core.”

The Principal at Jungle Ventures, Arpit Beri said, “MarketWolf believes that their product, along with their team and expertise can help them break into the Indian stock market, which is currently at a pathetic 3% for retail investors.”

It is estimated that total equity in the Indian stock market was $990 billion in FY21, and it is expected to rise 2.3x to $2.2 trillion in FY26. This underscores the significance of investment technology on the Indian stock market.

The investment tech sector has become one of the most promising fintech subsectors, thanks to the increasing participation of retail investors.

INDMoney, Scripbox, and Groww are among the competitors of MarketWolf.

For More Startup and Funding-related News Visit Alphafirm.

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