Samco Ventures, parent of online discount broker and the owner of mobile trading platform StockNote Samco Securities, today said it has raised Rs 49 crore in series-B funding round led by the existing promoters and Bay Capital Investments.
This follows a Rs 20 crore series-A funding raised by the company in financial year 2015-16.
The company will use the new proceeds towards building its mutual fund distribution, lending capability, research and advisory businesses, Samco Securities and StockNote founder and CEO Jimeet Modi said in a release.
*************** Constantia Flexibles aims to double sales in India in 5 years *
*************** Ogilvy wins communication mandate for Chumbak *
*************** Sun Pharma enters anti-fungal powder OTC category *
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app