Stockal, a Mumbai, India-based B2B2C global investing platform, acquired Acru, a Bengaluru, India-based company specializing in infrastructure solutions that facilitate investments in Indian financial products for NRIs and PIOs.
The amount of the deal was not disclosed.
With this acquisition, Stockal now provides a complete solution for cross-border investments. Indian investors can access over 6,000 global securities, while non-resident Indians (NRIs) and foreign investors can invest in India’s markets. The deal is expected to drive substantial growth, bringing in an additional INR 500 to 1,000 crore of new investment into India over the next 12 months.
Led by CEO and Founder Manjunath Reddy, Acru is a provider of an investment infrastructure platform easing access to India’s financial markets for Indians, Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs). Focused on offering Digital Gold, Digital Silver, and Mutual Funds, it delivers tailored investment solutions designed to meet the distinct needs of its diverse B2B and B2B2C partners.
Led by CEO Sitashwa Srivastava, Stockal is a provider of a cross-border investment infrastructure platform regulated by the SEC and SEBI. The company facilitates global investments for Indian residents and, through its latest acquisition, aims to expand investment opportunities for foreign investors in India. It has already processed nearly USD 2 billion in transactions. Its global investing platform powers over 100 brokerage firms, wealth management companies, robo-advisors, and fintech platforms in India and the Middle East.
FinSMEs
20/09/2024