/viestories/media/post_attachments/wp-content/uploads/2024/06/SMC.webp "publive-image")
StoxKart is an app for trading stocks and options. SMC Global announced on Friday that it had invested Rs 100 crore.
The funds will be use to improve technical features, marketing, and customer education over the next two years.
Read also - Ather Energy Raises INR 286.5 Cr Equity Funding
The money comes after an initial Rs 35 crore investment by SMC Global in the development and launch of StoxKart.
StoxKart provides one-click orders, numerous chart analysis, and a variety of options contract listings. At a mere 0.40 milliseconds, the technology has the lowest broadcast latency in the business.
StoxKart's unique selling proposition is its dedication to streamlining trading procedures. With the app's zero-brokerage trading methodology for delivery trades, investors can maximise profits without having to worry about paying expensive commissions. Further accessibility to trading is ensured by the clear and consistent flat price structure for F&O and intraday trading.
SMC Global Securities Ltd., an investment banking and financial services firm with headquarters in New Delhi, provides brokerage services for all asset classes, including currency, commodities, and equities (both cash and derivatives).
About SMC Global
Founded in 1994 by Mr.Subhash C Aggarwal, SMC is a well-diversified financial services company in India offering services across brokerage (across the asset classes of equities (cash and derivatives), commodities and currency), investment banking, wealth management, distribution of third party financial products.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
