Trading Bells raises Rs. 2 crs from Swastika Investmart Ltd
Indore based discount broking start up Trading Bells announced that it has raised Rs 2 crs as seed funding from leading Mumbai based stock broker Swastika Investmart Ltd. The start-up plans to utilize the funds in hiring talent, expanding office infrastructure, technology upgradation and customer acquisition. Founded in 2016 by IIT Delhi graduate and technology & finance professional, Parth Nyati, and chartered accountant and former investment banker, Amit Gupta, Trading Bells aims to make trading easy, accessible and transparent for retail investors by leveraging cutting edge technology and automation. It offers zerobrokerage on delivery based transactions, and lower of Rs. 20 or 0.01 per cent of the turnover per executed order for intraday and F&O transactions. It is among the few players to offer high leverage of upto 22x on equity and upto 7x on Commodity trading, as well as free trading and demit account opening with zero balance for customers. Swastika Investmart Ltd is a major stock broker since 1998 with over 75,000 clients and spread across 17 states through its 90+ branches.