Explorer

Kuants gets seed funding from Delhi based angel investors

New Delhi [India], Jan 11 (ANI): Algorithmic trading platform, Kuants on Thursday raised Rs. five million from Delhi based angel investors, Pankaj Chopra and Ankush Gupta.

The fresh funds will be majorly used to build up the Graphical User Interface (GUI) based online stock market simulator, and acquiring high-end servers required for multi-core processing.

"We see a huge potential in fintech space in India and trust automatic algorithm trading platform an interesting bet. We are excited to work with team Kuants and believe that the use of algorithms by fintech firms has just started and will certainly reach the zenith in next few years," said Pankaj Chopra.

The vision of Kuants is to make the domain of algorithmic trading, in its entirety, more accessible in the Indian markets. This domain is often marred by blockages like lack of hardware/software infrastructure, lack of technical knowledge, and low clarity on concepts.

"We believe a lot more processes can be solved and made much easier in the domain of algorithmic trading in the Indian markets using technology. With the aim of increasing the penetration of algorithmic trading in India at a nail-biting pace, we are developing complex systems and strategies so that the user doesn't need to waste his time figuring out a way to develop his trading system," said co-founder, Kuants, Ayush Gangwar. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

LS Elections: Shinde Faction Of Shiv Sena Names First 8 Candidates, Gives Ticket To Rahul Shewale, Hemant Patil
LS Elections: Shinde Faction Of Shiv Sena Names First 8 Candidates
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
Actor Govinda Joins Eknath Shinde's Shiv Sena, Likely To Contest From Mumbai North West
Actor Govinda Joins Eknath Shinde's Shiv Sena, Likely To Contest From Mumbai North West
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Advertisement
for smartphones
and tablets

Videos

Bihar Lok Sabha Polls 2024: ABP Exclusive With Papu Yadav, MP No Longer Contesting From PurniaVarun Gandhi Pens Emotional Letter To Pilibhit After Being Denied, Says 'Mai Aapka Hu Aur Rahunga'Delhi Excise Policy Case: With CM Arvind Kejriwal's Arrest, Who Will Run The State | Watch ReportLok Sabha Elections 2024: 'BJP Just Wants To Break The Aam Aadmi Party' says Saurabh Bhardwaj

Photogallery

Embed widget