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Neotrade secures $230K from Rainmatter

By Binu Paul

  • 21 Sep 2015
Neotrade secures $230K from Rainmatter

Neotrade Analytics Pvt Ltd, a startup that provides real-time data feeds to stock market traders, has raised Rs 1.5 crore (about $230,000) from fin-tech focused startup incubator Rainmatter.

“The funds will be utilised for the development of a number of products in addition to marketing and hiring,” Vivith Kumar Lakshminarayan, founder & managing director of Neotrade Analytics, told VCCircle.

Lakshminarayan and Sharath Kumar S founded Neotrade Analytics in 2014. It is an authorised real-time data vendor of the NSE and BSE.

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The company solutions allow traders to integrate their trading systems with the broker’s platform. It also helps traders to develop their own custom trading strategy.

Rainmatter is a startup incubator that provides workspace, mentorship, and funding (in the $100,000-$500,000 range) to innovative technology startups. The firm had previously invested Rs 2.5 crore in fin-tech startup TradeLab Software Pvt Ltd.

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