AlgoTest (Future Equity)
Funding Details
Awarder
WeFunder
Date Award
June 13, 2024
Vertical
Fintech and Finance
Funding URL
View Funding Page
Valuation
$20,000,000
Funding Amount
$750,000
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
Market
Retail B2C
Location
Delaware City, Delaware, US
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.

Links
Website
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