Stockal Raised USD 3 Million In Funding, Led By Aroa Ventures


Stockal, a New York-headquartered platform with its India office in Bengaluru that enables global investments for Indians, announced that it has raised $3 million in pre-Series A funding round from Aroa Ventures, Cadenza Capital Management, and others to support its growth into newer markets.

The company says the funding will help it to become the platform of choice to invest in global markets across various asset classes. The new funding brings the total investment to $5 million since it was launched in January 2020. Other prominent venture capital firms such as Credence Family Office, Trackxn Labs, Cadenza Capital Management, July Ventures, and Kristal.AI had also participated in Stockal’s funding round.

Stockal will use the funding to turbocharge its growth into new markets, starting from Indonesia in South East Asia. The company is also investing heavily in developing its service offering, such as its recently launched Stacks portfolio management platform which enables users to choose from a range of carefully tailored investment opportunities created by global asset management and wealth management companies such as GlobalX Funds.

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“At Stockal, we are working towards our mission of democratizing global investing. Geographical boundaries should not be a constraint when you are looking at investing and participating in the global economy. With this strategic fund infusion, we will be able to expand to multiple new capital markets and offer unique and diversified asset classes to our customers. While we have established our presence in India significantly and currently manage over USD 100M, we aim to capture a huge potential growth market of about $800 billion which includes MENA and SE Asia.” said Vinay Bharathwaj, Co-founder and Co-CEO of Stockal.

He further added, “We will also be innovating our product offering by adding fractionalizing and tokenizing different asset classes to make investing in global markets accessible to all. These new funds will help us enhance the platform as we build for a wider audience.”

Since January last year, Stockal has attracted over 60,000 users from India alone trading half a billion dollars worth of assets and amassing nearly $100 million assets under management (AUM). The average investing account holds investments of around $5000 – 11,000, demonstrating how Stockal’s fractional stock investment model opens asset ownership to a far wider pool of individual and retail investors and enables banks and wealth managers to provide a range of new investments services for their customers.

Large financial institutions such as HDFC, Motilal Oswal, Geojit, and dozens of wealth management and fintech outfits in India and the Middle East have partnered with Stockal to bring cross-border investments to their own customers.



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