Tauro Investment raises undisclosed amount from TracxnLabs, angel investors

Bengaluru: Tauro Investment Advisory Pvt. Ltd, a stock market investment platform, said on Monday it has raised an undisclosed amount of seed funding led by TracxnLabs and angel investors.

The funding will be used to build the web platform and hire new developer talent, the company said in a statement.

Founded in 2015 by Harsh Vardhan Singh and Anand Vivek Srivastava, the platform provides data and research to help investors with portfolio and investment ideas for the Indian stock markets.

“The lack of such a resource is why many people consider investing in stock markets similar to gambling in a casino. And I feel quite strongly that technology can bridge this wide gap between investors and the stock market,” said Singh, co-founder, Tauro Wealth, in a statement.

The company said that retail investors invest around $200 billion in stock markets currently but they constitute less than 2% of the population.

Tauro founders say its technology-driven platform will simplify investing and understanding of the stock markets.

“Currently, while large financial institutions have access to high end technology to make investment decisions, the lack of solutions for retail investors has always led to the notion of ‘investing’ seeming like more of a risk. Tauro Wealth will play a key role in bridging this gap,” said Neha Singh of Tracxn, in a statement.