Founded by Vishesh Dhingra and Thomas Joseph to democratize the trading ecosystem with the vision of ‘Anyone Can Trade’, MarketWolf has over 1.5M app downloads in India in the last 18 months. Targeted at first-time investors, the app aims to make the trading experience as easy and jargon-free as possible while ensuring protection against market volatility through its robust in-built risk management system, practice & learn modules, and low-ticket size investment options. On the back of this curated trading experience, the number of trading accounts and retail active clients have grown 10X compared to the same period last year, despite the volatility seen in public capital markets this year.

Commenting on the fundraise, Vishesh Dhingra, Founder & CEO of MarketWolf said, “While building an easy and appealing user experience for anyone to trade well in stock markets, we saw the early adoption from mobile gamers. Today, we are at the intersection of two of the most popular and hyper-growth verticals in the new world - stock trading and mobile gaming - both sharing elements of high engagement, excitement, and experiential learning. With risk management at its core, MarketWolf is fast becoming the go-to stock trading platform for the mobile gaming generation, who likes to explore new and more immersive ways of doing things.”

Arpit Beri, Principal at Jungle Ventures said, “Retail participation in the stock market in India continues to remain abysmally low at ~3-5% and we believe that MarketWolf has the right product, as well as the right team and expertise to break-through this market. With its highly intuitive and gamified user interface, along with the managed risk controls, MarketWolf simplifies the trading experience making it the best-suited platform for young India to start trading like a pro. The company has already demonstrated tremendous stickiness & virality with its consumers and we are excited to be a part of their next stages of growth”.

Dev Bajaj, who leads Dream Capital as the Chief Strategy Officer for Dream Sports said, “We believe that disruptive gamification will happen across B2C. MarketWolf is leading this effort in fintech, and we are glad to partner with them to democratize trading in India.”

MarketWolf pioneered the bold model of charging brokerage fees only on profitable trades. This model incentivizes MarketWolf to focus on building robust products and a conducive learning ecosystem, where users can manage risks and make better trading decisions in any market condition.

Vishesh added, “We are extremely proud to partner with Jungle Ventures, Dream Capital and all our investors in our mission to create a global community of MarketWolves. With the average retail stock holding period going down from 8 years to 8 months over the past few decades, we believe that in future, there will be fewer Bulls or Bears and more MarketWolves - people who given the right tools, can capitalize on the latest market opportunities by adjusting their trading styles along with the change in market conditions.”

MarketWolf was listed among top 15 brokers in India in terms of retail active clients in NSE in 2021. Going forward, the company plans to launch more exciting products customized for the new-age retail investors and mobile gamers, while mitigating the inherent risks associated with public capital markets.