Funding Details
- Awarder
- WeFunder
- Date Award
- June 13, 2024
- Vertical
- Fintech and Finance
- Funding URL
- View Funding Page
- Valuation
-
$20,000,000
Company Info
- Traction
- AlgoTest has shown promising early traction with over 400 paying customers and $3600 in revenue in the first month, growing at a rate of 60% week-over-week.
- Revenue Amount
-
$3,600,000
- Founders
- Raghav Malik, Rajat Jaiswal
- Company Description
- AlgoTest is a high-frequency options trading platform focused on the Indian market. They provide execution services to everyone on Co-location at Scale, with technology faster than existing brokers' API by 6 orders of magnitude. The company has already acquired over 400 paying customers and generated $3600 in revenue in the first month, with a 60% week-over-week growth rate. The Indian index derivative volume is growing at an 84% CAGR, presenting a significant market opportunity of $2.2 billion.
- Market
- Retail B2C
- Location
-
Delaware City,
Delaware,
US
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