Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Hyperface and Tutelar tie- up for fraud and risk management services

    May 6, 2024

    PhonePe ties up with Star Health Insurance offers monthly payments plan

    April 17, 2024

    Ramit Goyal appointed as Chief Distribution Officer at Future Generali India Insurance

    April 17, 2024
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » IIFL Fintech Fund leads $1.8 million Series A investment round in Trendlyne
    Fintech

    IIFL Fintech Fund leads $1.8 million Series A investment round in Trendlyne

    Amber Pabreja, CEO and co-founder of Trendlyne said: "We're already a profitable company. We are raising funds to build our vision of making investing easier and more accessible for people not just in India, but also across the world."
    October 11, 20223 Mins ReadBy Bfsinxt Desk
    Twitter LinkedIn WhatsApp

    Financial Services conglomerate IIFL Group on October 10 said that its early-stage investing vehicle IIFL Fintech Fund has led the $1.8 million Series A investment round in Trendlyne, one of India’s largest analytics platform for investors and traders. This is the second time IIFL Securities has invested in Trendlyne and now holds a significant stake in the company.

    Trendlyne has seen rapid growth in the past one year with over 350 million page/screen views over 12 months on its website and mobile app.

    Trendlyne’s B2B business has also grown rapidly and counts India’s major brokerages among its customers, including ICICI Securities, Kotak Securities, 5Paisa, Motilal Oswal, IIFL Securities, SBI Capital, Edelweiss, and several others. Trendlyne serves over 500 million APIs and page views every month to its B2B customers.

    Mehekka Oberoi, Fund Manager at the IIFL Fintech Fund said, “We are very excited by the progress that Trendlyne has made. Business has grown significantly over the last few years and it is now a profitable venture. Additional funds will help the company hire the right talent, and lead to faster scale-up.”

    Amber Pabreja, CEO and co-founder of Trendlyne said: “We’re already a profitable company. We are raising funds to build our vision of making investing easier and more accessible for people not just in India, but also across the world.”

    Trendlyne has built cutting edge products in the stock market and mutual funds space, encompassing stock scores, screeners, backtesting, Alpha Alerts (real time alerts across structured and unstructured data), stock insights, as well as forward-looking products in consensus estimates and analyst calls.

    “We launched Trendlyne with the idea of democratizing stock market data, and to help people get more control over their investments,” Amber Pabreja said, “We provide a platform that gives retail investors access to products and features – such as back-testing and real time alerts – that were once accessible only to professional investors and funds. This helps our users discover investing opportunities on their own, and avoid obvious money-losing mistakes.”

    The fresh investment follows strong growth for the company in both B2C and B2B. Trendlyne intends to utilize the funds for new product launches, team growth and geographical expansion.

    In August 2021, IIFL Fintech Fund was established with a dedicated Rs 140 crore sponsorship from two group companies – IIFL Finance and IIFL Securities. The financial services group with a large retail interface is aiming to offer last-mile credit with the help of cost-effective technologies. The fund’s investments include Leegality, FinBox, Trendlyne, DataSutram, Multipl, Finarkein, TrustCheckr, EasyRewardz and Open Financial Technologies.

    IIFL Trendlyne
    Previous ArticleNPCI Launches Partner Program to Accelerate Strategic Partnerships
    Next Article Worldline and NPCI International to empower mobile payments for Indian tourists in Europe
    Bfsinxt Desk

    Related Posts

    Hyperface and Tutelar tie- up for fraud and risk management services

    May 6, 2024

    Paytm gets approval by NCPI to participate in UPI as a TPAP

    March 21, 2024

    Over One Lakh downloads of PhonePe’s Indus Appstore in three days of launch

    March 15, 2024

    PhonePe launces Indus Appstore: may turn to be a paradigm shifts in India’s Digital transition

    March 5, 2024

    Leave A Reply Cancel Reply

    Recent Posts

    • Hyperface and Tutelar tie- up for fraud and risk management services
    • PhonePe ties up with Star Health Insurance offers monthly payments plan
    • Ramit Goyal appointed as Chief Distribution Officer at Future Generali India Insurance
    • Cashfree Payments launches ‘RiskShield’ to combat cyber payment frauds
    • Mastercard ties-up with Alipay for cross-border solutions

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    Aditya Birla Housing Finance launches ‘ABHFL- Finverse’ for better loan experience

    March 30, 2024

    Shriram Finance raises USD 750mn through Social Bond from International Bond Markets

    January 23, 2024

    Karnataka Bank and Clix Capital enter into a Co-Lending Partnership

    January 17, 2024

    UGRO Capital raises USD 30 Million through NCDs from FMO

    January 2, 2024
    New Policy
    Policy

    Reserve Bank of India opens Sub-office in Itanagar, Arunachal Pradesh

    October 23, 20230By Bfsinxt Desk

    On October 20, 2023, Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI), inaugurated…

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 2022

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2025 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.