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.
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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.
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