Trading-tech startup Market Pulse has secured $1.2 million in pre-seed funding led by HNIs, Nitish Mittersain, Apurva Parekh and Aditya Goel.
According to Market Pulse, the fresh funds will be utilised for its stock broking business. The startup completed the beta phase for its trading platform and is launching it to the public in the last week of August.
Market Pulse is a stockbroker with a vision to reimagine trading technology for the new generation of traders. The Mumbai-based startup claims that it has built and continues to operate its data and analysis arm at a 300% profit margin and zero marketing.
The company claims that its flagship charting product is the highest-rated stock market app on Play store, which has garnered over 3 million downloads and saw 600K MAU and 260K DAU with an engagement time of 55 minutes per user per day.
Market Pulse had previously raised a total of $1 million for its data and analysis business from Kishore Ganji, Rashmi Kwatra, and Umasankar Nistala.
