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 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, with the promoters of the Mumbai-headquartered company also participating. The brokerage, which competes with the likes of Bengaluru-based Zerodha, will use the proceeds towards building a mutual fund distribution platform, lending capabilities, as well as its research and advisory businesses.