Punch!
An app content management system that reduces the time, cost and risk of creating mobile native apps.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
$2.3m | Seed | ||
| Total Funding | 000k | ||
Punch is an Indian stock-broking platform designed to cater to the growing segment of young, first-time traders. Founded in 2022 by Amit Dhakad, Hiral Jain, Arshad Fahoum, and Ajit Dandekar, the company operates as a registered brand and trading platform under Market Pulse Securities, a SEBI-registered broker. The platform's development was driven by the founders' recognition of a need for a more intuitive and safety-oriented approach to trading for beginners.
The company's core offering is a mobile trading application that focuses on index and stock options, with plans to introduce cash trading. A key feature of the Punch platform is its single-screen user experience, which consolidates charts, profit and loss data, positions, and orders onto one interface to simplify the trading process. To address the risks associated with trading, Punch has integrated built-in safety tools that help users set and adhere to daily and weekly trading limits, aiming to mitigate significant losses and promote responsible trading habits. This focus on a controlled trading environment is designed to help inexperienced traders navigate volatile markets with more confidence and less emotional decision-making.
Punch generates revenue through brokerage fees, as is standard in the stock-broking industry. The company targets a demographic of young, part-time traders, with a significant portion of its user base having less than a year of trading experience. After an 18-month beta testing phase, the platform has successfully onboarded approximately 18,000 trading accounts. In a significant milestone, Punch secured $7 million in a seed funding round in August 2024. The funding was co-led by Stellaris Venture Partners, Susquehanna Asia VC, and Prime Venture Partners, with participation from notable angel investors. These funds are earmarked for research and development to further enhance the user experience, as well as for marketing initiatives to expand its user base.
Keywords: stock broking, options trading, financial technology, fintech, Indian startup, SEBI registered, investment platform, mobile trading, beginner traders, responsible trading, single screen trading, risk management tools, Amit Dhakad, Hiral Jain, Arshad Fahoum, Ajit Dandekar, Market Pulse Securities, Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners