Kredent InfoEdge Private Limited (KIPL), an entity that operates the Indian brands
StockEdge and
Elearnmarkets, has acquired growth capital of INR 10 Crore (appr. $1.35 million) from
Kotak Securities Ltd in order to expand their existing product capabilities while growing their user base.
This is reportedly the very first funding transaction that has been undertaken by Kotak Securities Limited (KSL). It comes as part of its
Start-Up Investment and Engagement Program.
The firm stated that it intends to use the proceeds to scale its e-learning and analytics platforms and will also update its data and technology.
At present, Kredent serves more than 2 million users and is currently looking to expand its user base to around 10 million. The company is focused on establishing an ecosystem that’s able to provide investors an end-to-end journey from learning (via elearnmarkets), research and data analytics (offered via StockEdge), collaboration (via StockEdge social), to trans