Stock broking app Punch raises $7 Mn in seed round

Stock broking platform Punch has raised $7 million in a new round from Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, Innoven Capital, and angels including Kunal Shah (Cred), Vatsal Singhal (Ultrahuman), and Nitish Mittersain (Nazara).

The proceeds will be used in research and development (R&D) initiatives aimed at enhancing user experience and covering marketing expenses.

Founded by Amit Dhakad, Hiral Jain, Arshad Fahoum and Ajit Dandekar, Punch aims to facilitate responsible trading behaviours, addressing the needs of this cohort through product innovations, such as intuitive safety tools and an easy-to-use single-screen user experience. 

Punch’s built-in safety tools help traders adhere to daily and weekly trading limits and mitigate the risk of significant losses.

Since 2022, the team has been building and testing Punch, taking a fresh perspective on safety in trading. It allows users to open a demat and trading account directly through the app.