Powered by

Home Insight

Stockal Acquires Bengaluru-based Acru

By Team VS
New Update
publive-image

Acru, a Bengaluru-based startup that specializes in investment infrastructure for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs), has been acquired by Stockal, a global B2B2C investing platform, for an undisclosed sum.

Stockal, which is domiciled in New York, is subject to the regulatory oversight of both the Securities and Exchange Commission (SEC) and the Securities and Exchange Board of India (SEBI).

The strategic move completes Stockal's cross-border investment ecosystem, enabling both Indian and global investors to invest in each other's markets in a seamless manner.

The company's statement indicates that the acquisition is being implemented through an equity stock exchange.

Stockal will offer a comprehensive solution for cross-border investments as a result of this acquisition. Non-resident Indians (NRIs) and foreign investors have the opportunity to invest in India's thriving markets, while Indian investors can readily access over 6,000 global securities.

Read also - Redcliffe Labs Acquires Celara Diagnostics in $7 Mn

According to Stockal, transactions totaling more than Rs 15,000 crore have been processed thus far. The acquisition is anticipated to generate substantial development, resulting in an additional Rs 500 to Rs 1,000 crore of new investment in India over the next 12 months.

Stockal is strategically expanding its global presence, with the Acru acquisition anticipated to generate approximately $1 million in revenue this year.

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.