Punch Raises $7M to Revolutionize Responsible Trading

Trading platform Punch secured $7 million in a funding round led by Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, and Innoven Capital. The Bengaluru-based platform aims to enhance responsible trading behaviors through product innovations and user-friendly features, targeting beginner traders for a cautious market entry.

Trading platform Punch has successfully raised $7 million (approximately ₹58.7 crore) in a funding round. Leading the investment were Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, and Innoven Capital.

The funding round additionally saw contributions from notable angel investors, including Kunal Shah of Cred, Vatsal Singhal from Ultrahuman, and Nitish Mittersain of Nazara Technologies.

According to a company statement, Punch aims to promote responsible trading behaviors by addressing the needs of its user base through innovations like intuitive safety tools and a simplified single-screen user experience. Founded in 2022 by Bengaluru-based Market Pulse Securities, a SEBI-registered broker, Punch focuses on helping beginner traders engage with the market confidently and cautiously.

"Our focus is on making responsible trading intuitive and embedded within the user experience. We want to assist beginners in navigating the market confidently and cautiously," said Punch co-founder and CEO Amit Dhakad.

(With inputs from agencies.)