Total amount raised
$6.6 Million
Latest funding date
12/01/2021
Location
Trinkerr has successfully raised funds through two distinct funding rounds, attracting the interest of nine investors, including notable names like Roman Saini, Titan Capital, and Accel. The platform operates as a social trading platform, providing users with a unique way to engage in trading activities.
Keep reading to explore the intricacies of Trinkerr's fundraising journey and the investors backing this innovative platform.
What Is Trinkerr?
Trinkerr is a social trading platform based in Bangalore, Karnataka, India. The company operates in the trading platform industry and has a team of 11-50 employees.
Founded as a private entity, Trinkerr has successfully raised funds through Series A rounds. The platform allows users to engage in trading activities, making it a unique player in its field.
How Much Funding Has Trinkerr Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the platform and build the initial team.
- Series A Round
- Amount Raised: USD 6,600,000
- Date: December 2021
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build an enabled and empowered community of first-time and expert stock market investors.
Total Amount Raised: USD 6,600,000
Current Valuation: Not publicly disclosed
Key Investors
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage startups. It has a strong presence in India and has backed several successful companies.
- Investment Focus Areas: Technology startups, consumer internet, enterprise software.
- Notable Investments: Flipkart, Swiggy, Freshworks.
- India Quotient
- Details: India Quotient is a venture capital firm that focuses on early-stage investments in India. It aims to support innovative startups with high growth potential.
- Investment Focus Areas: Consumer brands, social media, technology startups.
- Notable Investments: ShareChat, Lendingkart, Sugar Cosmetics.
- Titan Capital
- Details: Titan Capital is an investment firm that provides seed and early-stage funding to startups. It has a diverse portfolio across various sectors.
- Investment Focus Areas: Seed and early-stage technology startups.
- Notable Investments: Ola, UrbanClap, Mamaearth.
- Sujeet Kumar
- Details: Sujeet Kumar is the co-founder of Udaan, a B2B e-commerce platform. He is known for his expertise in scaling businesses.
- Investment Focus Areas: B2B e-commerce, technology.
- Notable Investments: Udaan.
- Kunal Shah
- Details: Kunal Shah is the founder of Cred, a credit card bill payment platform. He is a prominent figure in the Indian fintech space.
- Investment Focus Areas: Fintech, technology startups.
- Notable Investments: Cred, FreeCharge.
What's Next for Trinkerr?
Trinkerr stands at the cusp of significant growth, driven by the rising trend of social trading in India. With a growing number of retail investors entering the stock market, the platform has a unique opportunity to capture a substantial market share. By collaborating with expert traders, Trinkerr can offer verified advisory services, enhancing its appeal to both novice and experienced investors.
Future fundraising opportunities seem promising, given the successful Series-A round and the expanding market. Trinkerr is likely to pursue additional funding rounds to scale its operations and possibly enter new markets. However, the company may face challenges such as educating new investors about social trading and competing with established platforms. Ensuring the accuracy and reliability of advisory services will be crucial for maintaining user trust and driving growth.
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