Getty ImagesMumbai: Online community platform Threedots has raised $4 million in its seed funding round led by Kalaari Capital.
Better Capital, iSeed, Cloud Capital, Kunal Shah (founder of Cred), Lalit Keshre (cofounder of Groww), Jitendra Gupta (founder of Jupiter), Amrish and Sweta Rau of Pine labs also participated in the round.
Threedots, owned and operated by Tres Commas Technologies Pvt Ltd, was founded in March 2021 by Rishu Garg, Prakhar Bhardwaj and Akul Agarwal who worked together at Groww. The app offers users financial news and a finance-centric community apart from stock investing. It provides a platform for members to leverage the knowledge and experience of stock and crypto market experts.
The Bengaluru-based company said it will use the funds for strengthening the product and expanding its team from 30 to 50 in the next few months. Its app is available on Android and Apple’s iOS. It has already onboarded over 100 market experts who guide users in their community and has also partnered with Groww, Coindcx, and Finshots.
Garg said the company’s vision is to make it the next-gen community investment platform where people can learn, discuss and invest all at one place. “We want to change the financial life of the next 100 million users in India who will be using financial services for the first time and help them create wealth,” he said.
Kiran Vasireddy, partner at Kalaari Capital, former COO of Paytm, said, "Equity investments in India are expected to witness strong growth backed by the increased information access brought by platforms going digital. With current penetration only at 5%, there is a huge opportunity for a platform to help millennials come and learn from financial influencers the art of investing.”
Better Capital, iSeed, Cloud Capital, Kunal Shah (founder of Cred), Lalit Keshre (cofounder of Groww), Jitendra Gupta (founder of Jupiter), Amrish and Sweta Rau of Pine labs also participated in the round.
Threedots, owned and operated by Tres Commas Technologies Pvt Ltd, was founded in March 2021 by Rishu Garg, Prakhar Bhardwaj and Akul Agarwal who worked together at Groww. The app offers users financial news and a finance-centric community apart from stock investing. It provides a platform for members to leverage the knowledge and experience of stock and crypto market experts.
The Bengaluru-based company said it will use the funds for strengthening the product and expanding its team from 30 to 50 in the next few months. Its app is available on Android and Apple’s iOS. It has already onboarded over 100 market experts who guide users in their community and has also partnered with Groww, Coindcx, and Finshots.
Garg said the company’s vision is to make it the next-gen community investment platform where people can learn, discuss and invest all at one place. “We want to change the financial life of the next 100 million users in India who will be using financial services for the first time and help them create wealth,” he said.
Kiran Vasireddy, partner at Kalaari Capital, former COO of Paytm, said, "Equity investments in India are expected to witness strong growth backed by the increased information access brought by platforms going digital. With current penetration only at 5%, there is a huge opportunity for a platform to help millennials come and learn from financial influencers the art of investing.”
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