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MarketWolf raises $5.5M in seed round

marketwolf funding

MarketWolf, an intra-day options-only trading app, announced that it has raised $ 5.5 million in a seed round from a slew of high-profile individual investors.

Some of these investors include Anil Thadani (Symphony Asia Chairman), Ashutosh Sinha (former CEO of Morgan Stanley Investment Management Singapore), Roy van Leeuwen (Head of Benelux region at Auto1), Tomas Urbanec (former CEO of Prudential Assurance Singapore), Anuj Srivastava and Ramakant Sharma (Livspace co-founders), a statement said.

MarketWolf had raised $1.7 million in its angel round, and has raised a total of $7.2 million so far, it added.

The company plans to use the freshly raised funds to create new products, increase the user base and attract top talent, the company said.

Speaking about the funding, Vishesh Dhingra, Founder and CEO of MarketWolf said, “This funding announcement is a significant step forward for all of us at MarketWolf and a testament to the fact that our investors believe in our vision of democratizing trading worldwide. We believe ‘Anyone Can Trade’ and are working towards demystifying the complex world of trading, starting with intra-day options.”

He added that MarketWolf’s global aspirations are supported by a strong group of investors and an experienced, hard-working team that can deliver under any circumstances.

MarketWolf launched in India as its first market and has observed trading accounts increasing by 4X and monthly active users multiplying to 10X over the last few months.

MarketWolf, a licensed stockbroker in India, has more than one million app downloads and is available on both Android and iOS.

“Our aim is to create a global community of MarketWolves people who learn psychology, knowledge, and tools to trade well in all market conditions and train each other to become better traders. In an industry, which has been largely categorized into only bulls and bears, MarketWolves will be a worthy addition,” Dhingra said.

Established in 2017 by Vishesh Dhingra (CEO) and Thomas Joseph (COO), MarketWolf has offices in Mumbai and Singapore.

MarketWolf seems to be an interesting platform facilitating easy trading while creating a community. I’m sure the company will continue to prosper in its journey ahead. My best wishes to the team of MarketWolf.

Shishir Gupta, Founder and CEO, StartupLanes

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