Bengaluru-based TradingLeagues has raised $3.5 million in a funding round led by Leo Capital. Multiple other investors like the Jeejeebhoy Family Office and the family office of KP Balaraj also joined te round. 

The company is planning to utilise the fund to grow its user community. Additionally, it will focus on enhancing the user experience of its application. 

Launched by Raghu Kumar (co-founder of Upstox) and Harsh Agarwal (Co-founder of AGacquisitions), the application is now being operated by RAIN Technologies. It offers its users to play free and paid fantasy trading leagues, make investment strategies and develop stock market skills. 

TradingLeagues is registered in the United States, however, it manages its operations from its Bengaluru office. 

Since its inception in 2022, the company has bagged over 7.5 lakh users. According to a report by Inc42, its monthly user base stood at 1.8 lakh in May. A single user spent more than 26 minutes on the application, regularly. 

Addressing the development, Raghu Kumar, the co-founder of TradingLeague, said, “The mass majority of Indians don’t have access to the financial markets, and thereby never become aware of the earning potential of the stock markets. TradingLeagues solves this pain point.”

“We are excited to partner with Leo Capital and would like to thank them and our other investors for believing in our vision… Our goal is to introduce crores of Indians to the financial markets, and that too quickly, by leveraging the incredible power of gamification and removing the unnecessary obstacle of opening a brokerage account,” he added. 

“The recent online gaming regulations have increased investor confidence in the market, and we believe the market is ripe for growth. TradingLeagues has a strong founding team and business fundamentals. It has the potential to help Indians experience India’s trillion-dollar financial markets,” added Rahul Garg, the founder of Leo Capital.