StockDaddy Raises $1 Mn to Expand E-Learning Platform For Investment And Trading The company has opened a new office in Mumbai

By Soumya Duggal

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Gurugram-based edtech startup StockDaddy, which educates people about investment and trading in stock markets, has raised $1 million from Jitender Lall, managing director, Proactive Healthcare, in the fourth round of funding.

"People have started taking an interest in the stock market, which is an untouched income-generating area to 98 per cent of the Indian population. One lakh downloads of StockDaddy app in less than 60 days somewhat validate the change in people's mindset, which StockDaddy intends to foster," said Alok Kumar, founder and CEO, StockDaddy.

"Our progressive vision leverages our credibility among stakeholders. The recently raised funds from Mr Jitender Lall will help expedite our expansion spree in both virtual and physical markets," he added.

According to a report published in October last year by Internshala Trainings, the e-learning arm of Internshala, there was an eight-fold increase in enrollments in beginner's trading certification training from 2016 to 2021, which highlighted young graduates' interest in acquiring stock market trading and investment skills. The report outlined the growing recruitment drives and career opportunities in the field of finance, trading, investment and stocks as one of the reasons why trading skills are gaining popularity among young graduates. Stock market management was the most popular profile among employers hiring interns in the investment domain during 2020-21.

"StockDaddy is working on a "Fit for All' business model and its board has many credible leaders, who can help the organization meet its targets in a market full of potential," said Jitender Lall.

Founded in 2020, StockDaddy is an e-learning application that aims to help people learn and develop skills in stock market trading through customized courses and content. The company received its third round of funding in March 2022 from five angel investors.

Soumya Duggal

Former Feature Writer

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.


Tata Sons: Going 'FAB' With Semiconductors

Tata Electronics will be setting up a fab in Dholera, Gujarat, as well as an ATMP facility in Assam

News and Trends

Travel and Lifestyle Brand Mokobara Raises INR 100 Cr in Series B Led by Peak XV Partners

Bengaluru-based luggage brand Mokobara aims to use the raised funds to expedite retail and global expansions in FY24.


7 Ways to Create a Seamless Marketing Campaign Across All Platforms

Achieving cross-platform harmony requires strategic goal-setting, customized content optimization, and a mix of paid and organic efforts.

News and Trends

India's M&A and Deal Making Outlook 2024

We anticipate that investors will adopt a more cautious approach and undertake robust price discovery measures before agreeing valuations – nevertheless, we expect valuations to remain high and on an upward trajectory for certain key sectors, such as clean energy and healthcare

News and Trends

Top Trends to Influence Office Space Designs in 2024

The design of the work environment is no longer confined to mere functionality; it now plays a pivotal role in fostering collaboration, creativity, and employee well-being