Global investment platform, Stockal announced that it has raised $3 Million in pre-Series A funding. Headquartered in New York and operating from an India office in Bengaluru, the firm intends to utilize the fund towards becoming the platform of choice to invest in global markets across various asset classes. The round saw participation from Aroa Ventures, an investment initiative of Ritesh Agarwal's (OYO Rooms founder) family office; Cadenza Capital Management; wealth management platform Kristal.ai; startup research platform Tracxn Labs; July Ventures; and Credence Family Office.

Founded by Rajan K Natarajan, Sitashwa Srivastava and Vinay Bharathwaj Stockal enables global investments for Indians. Users can invest in a variety of assets such as shares, exchange-traded funds (ETFs), and hedge funds beyond domestic markets.

The five-year-old firm that enables global investments for Indians will use the funding to amplify its growth into new markets, starting from Indonesia in Southeast Asia. The company will also focus on developing new service offerings such as its Stacks portfolio management platform.

Speaking about future plans Vinay Bharathwaj, Co-founder & Co-CEO, Stockal, said, “At Stock, we are working towards our mission of democratising global investing. Geographical boundaries should not be a constraint when you are looking at investing and participating in the global economy. With this strategic fund infusion, we will be able to expand to multiple new capital markets and offer unique and diversified asset classes to our customers”.
He further explained that while the firm has established its presence in India significantly and currently manage over $100 million, Stockal now aims to capture a huge potential growth market of about $800 billion which includes MENA and SE Asia. “These new funds will help us enhance the platform as we build for a wider audience,” Vinay added.