StoxKart is a trading app offering stock and options execution with features such as one-click orders and multiple chart analysis. The platform lists various options contracts to simplify trading decisions and claims an industry-low broadcast latency of 0.40 milliseconds. It operates a zero-brokerage model for delivery trades and a transparent, predictable flat-fee structure for F&O and intraday trading. SMC Global invested Rs 100 crore into StoxKart to boost technology features, marketing, and consumer education over the next two years. This follows SMC Global's earlier Rs 35 crore investment for StoxKart's development and launch. The funding is positioned to support user acquisition and product enhancement amid competition from large broker apps such as Groww and Zerodha.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

May 2024