Kotak securities launches start-up investment and engagement programme

Kotak Securities has launched a start-up investment and engagement programme through which the brokerage will be incubating and investing into innovative fintech and technology start-up companies.

The brokerage has set up an exclusive corporate development department (CDD) for this initiative with an initial investment of Rs 50 crore through which it will launch accelerator programmes, hackathons, networking events, pitching sessions and demo day programmes for early stage start-ups in-house as well as with other incubator/accelerator groups. There will be a dedicated section on the KSL website where interested start-ups can register and submit innovative ideas and products for evaluation and find various updates under this programme.

Jaideep Hansraj, MD & CEO, Kotak Securities, said, “In today’s fast paced world of rapid advancements in technology, we need to be ahead of the curve in terms of product offerings to our customers. Broking and distribution business has become more of a technology play, and this has gained further prominence in the new normal. We strongly believe technology innovation will gauge the competitiveness of a broking firm; however, developing technology involves money and time. It is with this purpose that we have launched our investment and engagement programme where we will partner and pick minority stake in fintech companies that makes strategic sense to Kotak Securities.”