Yobee Raises Seed Round From Angel Investors
Summary
Mumbai-based Yobee, which designs proprietary algorithms to uncover new and unique patterns in the stock market recently announced to have raised oversubscribed first round of funding and, will soon launch, mutual funds for traders. Yobee will be utilizing the funds to further build out its technology stack and create multiple distribution channels by partnering with market intermediaries like brokers and platforms. Indian Markets are witnessing a surge in activity and this asset comes with safety measures baked in to promote discipline while being extremely simple to use by both new and existing investors. It can accommodate a variety of trading styles and crucially, respect the norms thoughtfully set by regulators," said Salil Mathur, founder, Yobee. Post an oversubscribed first round of funding, Yobee will simplify the life of traders by offering features like single-click execution of baskets, live monitoring with the ability to easily exit at any time.