Punch is a stock trading platform aimed at first-time traders that integrates intuitive safety tools to promote responsible trading and risk limits. The app supports index and stock options trading as well as direct stock trading and operates under Market Pulse Securities, a SEBI-registered broker. Founded in 2022 by Amit Dhakad, Hiral Jain, Arshad Fahoum, and Ajit Dandekar, the team previously built the Market Pulse charting app. Punch’s safety features are designed to enforce daily and weekly trading limits and reduce the risk of substantial losses while creating new user habits. The platform currently has around 19,000 registered accounts using the beta version. Punch plans to invest the new capital in R&D, technology and product development, and team expansion and aims to grow its user base 4X–5X in the next three to four months before shifting focus to marketing. Market Pulse Technologies provides traders with real-time market data and insights, offering premium information to traders, investors, businessmen, and market enthusiasts. Its product is built for traders in the commodity market and aims to bridge the gap between financial markets and the masses. The company plans to connect financial markets to a wider audience and enable them to invest decisively. Market Pulse said it will use the seed funding to build its team and expand its product market coverage. Founded in 2015 by Amit Dhakad, Hiral Jain, and Ejaz Hoda, the team includes founders with experience at ThoughtWorks and Financial Technologies, and an executive who is an alumnus of IIT Delhi and IIM Bangalore. The company is based in Mumbai.

Total raised

$7M

Funding rounds

3

Latest round

Seed

Latest activity

Aug 2024