Community Investment Platform Threedots Raises $4Mn In Seed Funding
Threedots, a Bengaluru-based online community investment platform, has raised $4 million in its seed funding round led by Kalaari Capital.
The funding round also saw participation from Better Capital, iSeed, Cloud Capital, Lalit Keshre (cofounder of Groww), Kunal Shah (founder of Cred), Jitendra Gupta (founder of Jupiter), Amrish and Sweta Rau of Pine labs.
As per the startup, the freshly raised funds will be used for strengthening the product and expanding the team from 30 to 50 in the next few months.
Threedots | Re-imagining Stock Markets
Owned and operated by Tres Commas Technologies Pvt Ltd, Threedots was founded by Rishu Garg, Prakhar Bhardwaj, and Akul Agarwal in March 2021 who worked together at Groww.
The fintech startup offers users financial news and a finance-centric community apart from stock investing. With its app available on Android and Apple’s iOS, Threedots provides a platform for members to leverage the knowledge and experience of stock and crypto market experts.
Kiran Vasireddy, Partner at Kalaari Capital and Former COO of Paytm, said,
“Equity investments in India are expected to witness strong growth backed by the increased information access brought by platforms going digital. With current penetration only at 5%, there is a huge opportunity for a platform to help millennials come and learn from financial influencers the art of investing.”
Recently, Threedots crossed 100,000+ users. Having onboarded over 100 market experts who guide users in their community, the platform has also partnered with Coindcx, Groww, and Finshots.
As per Rishu Garg, the vision is to make Threedots the next-gen community investment platform where people can learn, discuss and invest all in one place. The startup aims to change the financial life of the next 100 million users in India who will be using financial services for the first time and help them create wealth.
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