Kotak Securities has acquihired virtual trading and thematic investment platform TradeGyani. The founders of TradeGyani Rahul Pahuja and Brijendra Singh will join the corporate development division of Kotak Securities and will focus on designing and launching new investment products for retail investors.
As part of this initiative, the first-ever acquihire deal represents an important milestone in bringing new-age technologies and entrepreneurial talent to the brokerage firm. Kotak Securities is acquiring the product as well as the associated intellectual property of TradeGyani, and bringing the founders on board. The corporate development division of Kotak Securities was set up in 2021 to harness innovation and new-age technologies by collaborating, incubating and investing in fintech and technology startups.
Jaideep Hansraj, MD and CEO, Kotak Securities said, “The team at TradeGyani brings excellent insights and expertise in building social communities and thematic investment platforms. The founding team will carry on Kotak Securities Limited’s vision of building full-stack financial products for retail customers.”
Shripal Shah, President and Key Leadership Member, Kotak Securities added, “This acquihire deal is part of our strategy to set up and scale new-age investment products by partnering with fintech through product collaborations, investments and acquihires.”