In the dynamic world of stock trading, staying ahead of the curve often means leveraging cutting-edge technology. As we enter 2024, the buzz around stock trading apps has reached new heights. Here, we introduce four of the most talked-about platforms—StockGro, StockEdge, FrontPage, and Trinkerr—each bringing unique features to the table.
StockGro: Social Trading for the Modern Investor
Key Metrics Overview:
- Founded Year: 2019
- Location: Bengaluru, India
- Company Stage: Series A
- Total Funding: $45.6M (across four rounds)
- Latest Funding Round: $6.33M in Series A (Aug 09, 2022)
- Employee Count: 41 (as of Nov 30, 2023)
- Valuation: $171M (as of Oct 14, 2022)
- Annual Revenue: $536K (as of Mar 31, 2021)
- Acquisitions/Investments: None recorded
Company Profile:
StockGro, founded in 2019 by Ajay Lakhotia, is a trailblazing app-based social trading platform based in Bengaluru, India. The platform enables users to access, evaluate, copy, and implement various trading strategies. StockGro caters to the B2C segment in the FinTech market, providing training sessions and games for novice users. The app is available on both Android and iOS platforms.
Associated Legal Entities:
StockGro is associated with ASSETGRO FINTECH PRIVATE LIMITED, incorporated on Jan 13, 2020.
Financials of ASSETGRO FINTECH PRIVATE LIMITED:
- Revenue: $536K (as of Mar 31, 2021)
- Net Profit: -$281K (as of Mar 31, 2021)
CEO, Founders, and Directors:
- CEO and Founder: Ajay Lakhotia
- Co-Founder: Vijay Lakhotia
- Director: Lakhotia Vijay Shankar
- Director: Madhusudan Khoradiya
Employee Growth:
StockGro experienced a significant increase in its employee count, growing from 23 to 41 between September 22 and November 23, 2023.
StockEdge: Empowering Traders with Data Analytics
Key Metrics Overview:
- Founded Year: 2016
- Location: Kolkata, India
- Company Stage: Seed
- Total Funding: $1.61M (across two rounds)
- Latest Funding Round: $1.34M in Seed (Jul 06, 2021)
- Employee Count: 134 (as of Nov 30, 2023)
- Valuation: $1.34M (as of Dec 23, 2010)
- Acquisitions/Investments: None recorded
Company Profile:
StockEdge, headquartered in Kolkata, India, was founded in 2016. It operates in the B2B segment within the FinTech market, offering an online platform for financial market data. The platform provides stock analytics and search engine capabilities, offering technical and fundamental analytics on stocks and financial information. StockEdge caters to both Android and iOS users.
Legal Entities Associated:
StockEdge is associated with KREDENT INFOEDGE PRIVATE LIMITED, incorporated on Jul 29, 2006.
Financials of KREDENT INFOEDGE PRIVATE LIMITED:
- Revenue: $473K (as of Mar 31, 2018)
- Net Profit: -$55.3K (as of Mar 31, 2018)
Leadership Team:
- CEO & Co-Founder: Vineet Patawari
- Co-Founders: Bajranglal Bajaj, Binay Bajaj, Bipin Kumar Bajaj
- Director: Vinay Pagaria
- Director: Vivek Bajaj
Funding Overview:
StockEdge has raised $1.61M over two funding rounds, with the latest seed round on Jul 06, 2021, led by Kotak Securities.
FrontPage: Bridging the Gap Between Trading and Expert Advice
Key Metrics Overview:
- Founded Year: 2017
- Location: Bengaluru, India
- Company Stage: Seed
- Total Funding: $687K
- Latest Funding Round: $125K in Seed (Sep 02, 2021)
- Employee Count: 24 (as of Nov 30, 2023)
- Valuation: $1.45M (as of Aug 26, 2019)
- Annual Revenue: $26K (as of Mar 31, 2021)
- Acquisitions/Investments: None recorded
Company Profile:
FrontPage, founded in 2017, is a Bengaluru-based startup operating in B2C and B2B segments within the FinTech and Media & Entertainment markets. The primary business model connects users with share market experts for trade tips and advice. The FrontPage app, available on Android and iOS, offers additional features such as paid services and social channel sharing.
Legal Entities Associated:
FrontPage is associated with FRONTDOTPAGE PRIVATE LIMITED (incorporated on Jun 24, 2021) and CROWDWARE LABS PRIVATE LIMITED (incorporated on Apr 13, 2017).
Financials:
Financials for FRONTDOTPAGE PRIVATE LIMITED are not available. Crowddare Laws Private Limited reported a revenue of $4.49K and a net profit of $71.8K as of Mar 31, 2019.
Leadership:
- CEO and Co-Founder: Apoorva Singh
- Co-Founder: Avijit Sharma
- Director: Dinesh Reddy
Funding History:
FrontPage has secured $687K in funding, with the latest round led by Y Combinator on Sep 02, 2021.
Investors:
FrontPage has garnered support from 11 institutional investors, including Y Combinator, Smile Group, and Smile Internet Services.
Trinkerr: Revolutionizing Social Trading
Key Metrics Overview:
- Founded Year: 2021
- Location: Bengaluru, India
- Company Stage: Series A
- Total Funding: $8.26M (over two rounds)
- Latest Funding Round: $6.6M in Series A (Oct 18, 2021)
- Employee Count: 79 (as of Nov 23, 2023)
- Valuation: $27.6M (as of Oct 18, 2021)
- Annual Revenue: $28.2K
