StockDaddy Raised USD 1 Million From Proactive Healthcare

The Gurugram based stock trading and investment learning start-up, StockDaddy, which educates people about investment and trading in stock markets, has raised USD 1 Million from Jitender Lall, Managing Director of Proactive Healthcare Pvt. Ltd., in the fourth round of funding.

Founded by Alok Kumar and Co-founded by Ranjeet Kumar in 2020, StockDaddy aims at filling the wide learning gaps in stock trading and investment through customized courses and content and has also completed the third round of funding in March 2022 from five angel investors. In a new development, StockDaddy has started a new office space in Andheri, Mumbai.   

Alok Kumar, Founder and CEO, StockDaddy, said, “Positivity is coming back into the market as Pandemic is getting less severe and businesses are focusing on growth areas. On the other hand, people have started taking interest in the stock market, an untouched income-generating area for the 98 percent Indian population. With more than one lakh downloads of StockDaddy app in less than sixty days somewhat validate people’s mindset changing, and StockDaddy is deliberate to foster this change. Our progressive vision leverages our credibility among the stakeholders. The recently raised funds from Jitender Lall will help expedite our expansion spree in both virtual and physical markets.”

Proactive Healthcare has been active in the market for almost two decades under the leadership of Jitender Lall, who is an alumnus of Manipal Institute of Technology. Lall said, “StockDaddy is working on the “Fit for All” business model and the board has so many credible leaders, who can help the organisation to meet its targets in a market full of potential.”

StockDaddy is an online learning application that helps people to learn and develop skills in stock market trading. StockDaddy is a brand of rapidly growing stock market educational platform EaseMyTrade Pvt. Ltd. The app offers various features like self-learning, unique study material, inbuilt notes, online courses, podcast, regular updates on IPOs, Daily EDIC (Educational Demo Intraday Calls) and different courses related to the stock market trade and investment, impart better knowledge about stock market to the existing and potential traders. The company is in the growing stage and creating a better world for investors with a team of 100+ dynamic professionals across the globe.