Stock-broking platform Punch has secured $7 million in seed funding in a round led by Stellaris Venture Partners. The funding round also saw participation from Susquehanna Asia VC, Prime Venture Partners, and Innoven Capital. Notable angel investors, including Cred founder Kunal Shah, Ultrahuman cofounder Vatsal Singhal, and Nazara Technologies founder Nitish Mittersain, also contributed to the round.
The newly raised funds will be directed towards research and development (R&D) initiatives aimed at enhancing user experience and covering marketing expenses.
Punch is focused on facilitating responsible trading behaviors, addressing the needs of beginner traders through product innovations such as intuitive safety tools and a user-friendly single-screen interface.
“Our focus is on making responsible trading intuitive and part of the user experience,” said Amit Dhakad, CEO and Co-founder at Punch. “We want to help beginners who are engaging with the market, to do it confidently and cautiously.”
Founded in 2022 by Amit Dhakad, Hiral Jain, Arshad Fahoum, and Ajit Dandekar, Punch is a trading platform developed by Market Pulse Securities, a Securities and Exchange Board of India (Sebi)-registered broker.
Punch’s built-in safety tools are designed to help traders adhere to daily and weekly trading limits and mitigate the risk of significant losses. This approach aims to integrate risk management into the trading experience without overwhelming beginners with complex mechanisms.
The platform’s Single Screen trading interface consolidates various trading elements onto one mobile screen, addressing key pain points for beginner traders. This includes charts, profit and loss data, positions, orders, indicators, and options price charts, all accessible on a single screen. This approach is designed to help beginner traders make confident decisions.
Since its inception in 2022, the team has been building and testing Punch with the goal of making responsible trading a behavior through innovative yet intuitive safety tools that beginners find easy to incorporate into their trading patterns.