Investment platform Stockal has recently announced that it has raised $3 million in Aroa Ventures led funding round.
“The pre-series A round saw participation from Aroa Ventures (OYO founder Ritesh Agarwal’s family office), Cadenza Capital Management, Kristal.ai, Tracxn Labs, July Ventures, and Credence Family Office,”a statement made by the company informed.
“Stockal will use the funding to turbocharge its growth into new markets, starting from Indonesia in South East Asia,” it added.
Headquartered in New York, with its India office in Bangalore, Stockal is backed by investors with backgrounds in financial services and technology in the United States, UK, India and Singapore.
The company was brought to the Indian audience for international investing in late 2019, and was subsequently expanded to the Middle East in 2020.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.