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The Series-B round of equity financing is an internal round that was led by the company existing investor, mid-market private equity firm Bay Capital Investments.
The company, which claims to service over 75,000 customers, also recently launched StockNote, a content streaming and trading platform that aggregates and delivers news and information about stocks and sectors across India.
Founded by Siddharth Mehta and Puneet Saraogi, Bay Capital operates, both, a private equity, as well a long-only public markets investment practice.
The investment firm’s portfolio includes Sterling Holiday Resorts, Vini Cosmetics, IL&FS Energy, Intellivate Capital Ventures and the South and West India franchisee for McDonald’s Westlife Leisure Resorts, according to VCCEdge.