Definedge closes first institutional and angel round

Definedge Securities Broking has closed its first institutional and angel investment round led by a group of industry veterans including Hemant Luthra, Ajay Srivastava, D. Prasad, Nitin Agarwal, and Madhusudan N. Sarda. 

The funding amount has not been disclosed.

The proceeds will be used to expand product development, strengthen its education ecosystem, scale user growth, and enhance its technology and compliance infrastructure. It will also expand events, workshops, and programs to support traders and investors.

Founded by Prashant Shah and Rajesh Badiye, Definedge began as a research-led investor education platform and later entered full-service broking. 

The firm claims to have built a suite of in-house trading and investing tools, including its options analytics platform Opstra, momentum and technical analysis tools, mutual fund research, and algorithmic trading systems. Definedge also runs an annual trading and investing conference and a set of community-led learning programs.

Definedge operates from Pune and focuses on combining tools, research, education, and execution to support disciplined participation in financial markets.