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§ Private Profile · Mumbai, India
Regulatory-compliant algorithmic trading platform providing infrastructure to build, backtest, and execute strategies for retail and institutions.
Based in Mumbai, India, AlgoBulls is a financial technology company that provides a regulatory-compliant algorithmic trading platform enabling retail investors, quantitative developers, and financial institutions to build, backtest, and execute custom strategies. The company operates a software-as-a-service business model that offers a marketplace of automated trading algorithms alongside enterprise solutions, including white-label partnerships and application programming interface integrations for wealth management firms. Operating with a workforce of 25 to 35 employees, the platform supports direct integrations with more than 30 major brokerages to facilitate seamless trade execution. AlgoBulls has secured $2 million in Pre-Series A funding from investors including Venture Catalysts, DSP Group, and LetsVenture, while establishing strategic partnerships with retail brokerages such as Angel One and Zerodha. The financial technology enterprise was founded in 2019 by Pushpak Dagade, Jimmit Patel, and Suraj Bathija.
AlgoBulls has raised $2.3M across 2 funding rounds.
AlgoBulls has raised $2.3M in total across 2 funding rounds.
AlgoBulls is a Mumbai-based fintech company founded in 2019 that builds a regulatory-compliant algorithmic trading platform, offering tools for creating, testing, backtesting, and executing trading strategies across equity and derivatives markets.[1][2][3] It serves retail traders, quants, strategy creators, broking houses, and fintech firms through SaaS subscriptions, white-label solutions, and enterprise setups, solving the problem of complex algo trading accessibility by providing no-code, full-code, and AI-assisted strategy building with zero infrastructure maintenance.[1][2] The platform has achieved strong growth momentum, with over $1 billion in live trading volume, 1+ million live orders, 1K+ direct clients, 1M+ clients via enterprises, ₹237.8 Cr+ revenue in FY24, and 35 employees as of recent data.[2][3]
AlgoBulls was founded in 2019 by Nitesh Dagade in Mumbai, India, starting with a core algorithmic trading engine that fetched live market data to generate trading signals for automated buying and selling.[1][3] Dagade's vision emerged from democratizing algo trading for retail investors, evolving from basic strategies to a comprehensive platform incorporating AI, machine learning for anomaly detection, and support for complex predictive models using libraries like scikit-learn and TensorFlow.[1][2] Early traction came through incubator/accelerator stages, raising $2M-$2.49M in seed funding by May 2022, and expanding into SEBI-aligned services for enterprises, white-label partnerships (from INR 50K), and custom setups (INR 3 Lakh+).[1][2][3]
AlgoBulls rides the surge in algorithmic trading and AI-driven fintech in India, fueled by rising retail investor participation, SEBI's regulatory push for compliant automation, and growing demand for quant tools amid volatile capital markets.[1][2][3] Its timing aligns with India's fintech boom—post-2019 funding accessibility and post-2022 seed capital enabled scaling to ₹237.8 Cr+ FY24 revenue—capitalizing on market forces like high-frequency trading needs and wealthtech expansion.[2][3] By enabling 1M+ clients via partnerships with broking houses and OMS vendors, it influences the ecosystem by lowering barriers for retail quants, fostering strategy IP protection, and bridging retail-enterprise gaps in a market projected for continued algo adoption.[1][2]
AlgoBulls is poised for accelerated growth through deeper enterprise penetration, AI enhancements for complex strategies and more languages, and potential international expansion beyond India, leveraging its $1B+ volume and Mosaic Score gains.[1][2] Trends like advanced ML integration, regulatory tech demands, and retail algo democratization will shape its path, potentially boosting revenue past FY24 highs via more white-label deals and OMS integrations.[2][3] Its influence may evolve from retail enabler to dominant infra provider for Asia's fintechs, solidifying its role in automated capital markets.[1][2]
AlgoBulls has raised $2.3M across 2 funding rounds. Most recently, it raised $2.0M Seed in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2022 | $2M Seed | Venture Catalysts | Accel, Dishant Parikh, Sharath Kumar, Yuvraj Ashok Thakker, DSP Group, Hemant Sood | Announced |
| Nov 1, 2020 | $300K Seed | — | Accel, Venture Catalysts | Announced |
AlgoBulls has raised $2.3M in total across 2 funding rounds.
AlgoBulls's investors include Venture Catalysts | India's First Integrated Incubator, Accel, Dishant Parikh, Sharath Kumar, Yuvraj Ashok Thakker, DSP Group, Hemant Sood.