• Investment and trading learning platform, StockDaddy, plans to use the raised funds for talent acquisition and scaling up of operations.• StockDaddy has also started operations in Mumbai from its new office in Andheri.
The Gurugram-based edtech star
tup, StockDaddy, which educates people about investment and trading in stock markets, has raised $1 million from Jitender Lall, Managing Director of Proactive Healthcare Pvt. Ltd., in the fourth round of funding.
Founded by Alok Kumar and Co-founded by Ranjeet Kumar in 2020, StockDaddy aims at filling the wide learning gaps in stock trading/investment through customized courses and content has also completed the third round of funding in March 2022 from five angel investors. In a new development, StockDaddy has started a new office space in Andheri, Mumbai.
Alok Kumar, Founder & CEO, StockDaddy, said, “Positivity is coming back into the market as Pandemic is getting less severe and businesses are focusing on growth areas. On the other hand, people have started taking interests in stock market, an untouched income-generating area to 98% Indian population. With more than one lakh downloads of StockDaddy app in less than sixty days somewhat validate people’s mindset changing, and StockDaddy is deliberate to foster this change.”
“Our progressive vision leverages our credibility among the stakeholders. The recently raised funds from Mr Jitender Lallwill help expedite our expansion spree in both virtual and physical markets,” he added.
Proactive Healthcare is active in the market for almost two decades under the leadership of Mr Jitender Lall, who is an alumnus Manipal Institute of Technology. “StockDaddy is working on the “Fit for All” business model and board has so many credible leaders, who can help organization to meets its targets in a market full of potential,” Jitender Lall