Venture Catalysts invested in Mumbai-based algorithmic trading platform AlgoBulls. The funds would primarily be used for setting up teams across technology and operations divisions and Sales and Marketing.
AlgoBulls provides automated, customized, and professional experiences of trading in stock markets to all. It provides an end-to-end solution by providing its users with ready-to-use strategies and market knowledge in an automated form without requiring any manual intervention. Working on a SaaS model, AlgoBulls also provides features like Backtesting, Paper Trading (Virtual Trading) and Real Trading along with an Algo Strategy Marketplace and Professional Strategy Build services in the B2C space.
“AlgoBulls is a classic example of innovators using the power of technology for simplifying people’s lives. Their AI-driven, automated, and customizable services have the potential to transform the trading experience for millions of users. By handling the complex coding itself, it leaves users with more time to focus on strategy algorithm. We hope that the investment will help the founding team with their future plans of expansion and development to thrive in the extensive and challenging financial market,” added Apoorv Ranjan Sharma, Co-founder and President, Venture Catalysts.