AlgoBulls Technologies Pvt Ltd, an algorithmic trading platform focussed on stock markets, has raised funds from startup incubator and accelerator Venture Catalysts. Financial details of the funding remain undisclosed.
Founded in 2019 by Suraj Bathija, Jimmit Patel and Pushpak Dagade, AlgoBulls provides its customers with Fully Automated Algorithmic Trading & ready-to-use stock market knowledge.
“The startup will utilise the capital it has raised to set up and build out teams in divisions including technology, operations, sales, and marketing,” Dagade said. The company also has plans to expand its opportunities in countries such as the United States.
“Their AI-driven, automated, and customisable services have the potential to transform the trading experience for millions of users. By handling the complex coding itself, it leaves users with more time to focus on strategy algorithm,” Venture Catalysts co-founder and president Apoorva Ranjan Sharma said.
The company says it operates on a software-as-a-service (SaaS) basis, and provides features including backtesting, paper (virtual) trading and real trading in its business-to-customer (B2C) segment.
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