HomeLatest Startup News & Updates for Indian EntrepreneursVentureTech startupOctanom Tech Raises...

VentureTech startup
Octanom Tech Raises Pre-Seed Round with a US$ 2.2 Million Valuation

Mumbai, Maharashtra, India | 22nd December 2022: Algorithm-based InvesTech start-up, Octanom Tech, has raised an undisclosed amount at a pre-money valuation of $2.2 million in its pre-seed round led by Shankar Vailaya, Ex-Director of Sharekhan Ltd., Nitin Gupta (Founder & CEO, Asymmetrique) among other angel investors.

Over the last two years, particularly during the pandemic, retail traders and investors in the Indian financial markets have displayed great resilience and a deep interest in looking after their own finances and growing their money. Octanom Tech’s objective is to empower these individuals through its distinct products and technology so as to make a large enough difference to their financial outcomes. Octanom Tech plans to launch three platforms, in the InvesTech space, over the next two years in India and the U.S.

Octanom’s Founder, Rahul Ghose, is the former Head of MoneyFlix.com. He has been a professional trader with more than a decade and a half of trading experience since an early age of 17, having guided thousands of traders and investors to understand on how to make a living in this field.

The only real tech advancements over the last decade in the financial markets have been new online trading platforms and automated order placement softwares. Octanom Tech, through its unique range of proprietary tools & technology, plans to introduce platforms that will radically ‘Rive’ through this space,” said Rahul Ghose the Founder & CEO of the company.

The Octanom team is making proprietary Algorithmic, A.I. based research advisory and innovative investment avenues accessible to the retail participants like never before,” said Shankar Vailaya

So far, it’s only been the super-rich and those who work in the investment banking space that have had access to intelligent tech that could aid the trading and investing decision-making process. Octanom’s driving thought was – Why can’t everyone have this advantage? We want to ensure that the company’s mission – ‘For the love of retail’ is upheld in whatever we create and is always part of our core driving force. Towards this endeavor, we are excited to partner with our investors who have an enviable track record of building and nurturing institutions,” added Rahul Ghose.

The fresh capital raised will be deployed towards the launch of Octanom’s maiden platform next month along with investments in core technology, to expand and bolster leadership and talent.

Most Popular

More from Author

Business Leaders Give Thumbs Up to Union Budget 2023’s Growth-Focused Provisions

Understand the impact of the Union Budget 2023-24 on the Indian economy through the eyes of business leaders and why they are optimistic about its potential.

Read Now

Caspian Equity Brings Fresh Perspective to Investment with Launch of LEAF Fund for Food and Agriculture Startups

Get in on the ground floor of the next big thing in agriculture. Invest with Caspian Equity's LEAF Fund in innovative Food & Agribusiness startups.

Bringing Back Ancient Indian Purity: The Story of Seven Spring Tea

Rediscovering India's Natural Goodness with Seven Spring Tea.

Hyderabad E-Mobility Week Hosts Grand Finale of CASE Mobility’s Start-up Challenge

Discover the groundbreaking innovations in Connected, Autonomous, Shared, and Electric (C.A.S.E.) mobility presented by young entrepreneurs at the finale of CASE Mobility Grand Start-up Challenge.

Mercom Elevates Cleantech Startups with Launch of Pitch Competition at India Renewables Summit 2023

India Renewables Summit 2023 Gets a Boost from Mercom's Cleantech Startup Pitch Competition.

SDG Impact Finance Recognizes Varthana and Consortium with USD 200,000 Grant Award

SDG Impact Finance awards USD 200,000 (approx. 1.63 Cr.) grant to Varthana and its Consortium.

Thane-based Startup Avni Transforms Menstrual Healthcare in India: 55,000+ Women’s Lives Improved

With plans to serve 1,50,000+ clients in fiscal 2023-24, Avni is expanding its presence across e-commerce platforms and retail outlets.

Delhi-based Drone Tech Startup TSAW to Take Part in Prestigious Aero India 2023 Exhibition

Innovative drone solutions await at Aero India 2023. TSAW, with its R&D department located on the IIT Delhi campus, is set to showcase their state-of-the-art technology.

LoanTap Group Secures INR 24 Cr in Venture Debt Funding Led by Lighthouse Canton

Lighthouse Canton leads the way in providing debt capital to technology-enabled startups in India, including LoanTap's financial technologies.

Early Stage Investment Platform Inflection Point Ventures Unveils its First Advertising Campaign with Sony’s Shark Tank India

Inflection Point Ventures Launches Debut Marketing Campaign on India's Leading Investment Show.