Total amount raised
$6.6 Millions
Latest funding date
12/01/2021
Location
Trinkerr has successfully raised $6.6 million in a Series A funding round, with investors including Accel, Roman Saini, and Titan Capital. The platform is a Social Trading Platform that allows users to follow and replicate real-time investors' portfolios with a single click.
Keep reading to explore the intricacies of Trinkerr's fundraising journey and the investors backing this innovative platform.
What Is Trinkerr?
Trinkerr, founded in 2021, is a Social Trading Platform based in Bangalore, Karnataka, India. The company allows users to follow and replicate real-time investors' portfolios with a single click. Manvendra Singh is the founder of Trinkerr, which employs between 11 and 50 people.
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
- Amount Raised: $6.6M
- 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: $6.6M
Current valuation: Not publicly disclosed
Key Investors
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage and growth-stage companies. They have a strong presence in the technology sector and have backed numerous successful startups.
- Investment Focus Areas: Technology, internet, software sectors
- Notable Investments: Facebook, Dropbox, Slack, Spotify
- Roman Saini
- Details: Roman Saini is an individual investor and co-founder of Unacademy, an online education platform. He is known for his involvement in various tech startups.
- Investment Focus Areas: Technology, education
- Notable Investments: Unacademy
- Titan Capital
- Details: Titan Capital is an investment firm that focuses on early-stage investments. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Early-stage startups, various sectors
- Notable Investments: Ola, UrbanClap, Mamaearth
- India Quotient
- Details: India Quotient is a venture capital firm focusing on early-stage investments in India. They support consumer technology, fintech, and social platforms.
- Investment Focus Areas: Consumer technology, fintech, social platforms
- Notable Investments: ShareChat, Lendingkart, Sugar Cosmetics
- Kunal Shah
- Details: Kunal Shah is the founder of Cred, a credit card bill payment platform. He is a prominent figure in the fintech and technology sectors.
- Investment Focus Areas: Fintech, technology
- Notable Investments: Cred, FreeCharge
What's Next for Trinkerr?
Trinkerr stands at the cusp of a significant opportunity to build and empower a community of first-time and expert stock market investors. Leveraging the growing interest in social trading in India, the platform can attract a large user base eager to follow and emulate expert traders' portfolios.
With the successful Series-A funding round, Trinkerr is well-positioned to pursue additional funding as it scales its operations. The involvement of prominent investors suggests a strong potential for future fundraising opportunities, which will be crucial for the platform's expansion.
However, challenges lie ahead. Educating new investors and competing with unverified advisory services on social media platforms will be critical hurdles. Ensuring the reliability and performance of the expert traders on the platform will also be essential for maintaining user trust and growth.
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