Three Month Old Fintech Startup Kuants Raises Seed Funding
Two young fellows, Mohit Bansal and Ayush Gangwar, both graduates of IIT Kharagpur, started Kuants in October 2017.
Photo Credit : dynamitenews.com,
Kuants, an algorithmic trading platform has raised Rs 5 million from Delhi based angel investors - Pankaj Chopra and Ankush Gupta at a current valuation of $1.03 million.
Two young fellows, Mohit Bansal and Ayush Gangwar, both graduates of IIT Kharagpur, started Kuants in October 2017. The startup was a part of the first batch of the accelerator program by India Accelerator, a member of GAN.
The fresh funds will be majorly used to build up the GUI based online stock market simulator, and acquiring high-end servers required for multi-core processing.
Seeing the huge potential in Kuants, Pankaj Chopra, commented, "We see a huge potential in fintech space in India and trust automatic algorithm trading platform an interesting bet. We are excited to work with team Kuants and believe that the use of algorithms by fintech firms has just started and will certainly reach the zenith in next few years."
The vision of Kuants is to make the domain of algorithmic trading, in its entirety, more accessible in the Indian markets. This domain is often marred by blockages like lack of hardware/software infrastructure, lack of technical knowledge, and low clarity on concepts
Ayush Gangwar, cofounder, Kuants, said, “We believe a lot more processes can be solved and made much easier in the domain of algorithmic trading in the Indian markets using technology. With the aim of increasing the penetration of algorithmic trading in India at a nail-biting pace, we are developing complex systems and strategies so that the user doesn’t need to waste his time figuring out a way to develop his trading system”.
Kuants provides all the required tools as well as the infrastructure for ‘Algorithmic Trading’. From a web-based stock market simulator, managing last five years of high-frequency data, to pre-built highly advanced and mathematically complex functions and highly robust risk management systems, the company has built most features serving each of these.
One can develop your ideas using their blogs, convert them into quantitative investment strategies accessing our tutorials, and test them using our stock market simulator, and Go Live Trading, on the market through our execution system.
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