Mumbai, Nov 24 (PTI) Brokerage firm Definedge Securities Broking (Definedge) on Monday announced the closure of its first angel round of investment to drive user acquisition through its product-and-education model.

The investment was led by industry veterans and angel investors, including Hemant Luthra, Ajay Srivastava, D Prasad, Nitin Agarwal, and Madhusudan N Sarda, the brokerage said in a statement without disclosing the investment size.

The brokerage house will channel new capital to accelerate product innovation, expand its education and community ecosystem, and enhance user growth, Definedge Co-founder & CEO Prashant Shah said.

The Pune-based company aims to launch an algo platform, strengthen other innovative offerings like Opstra, Momentify and Zone App, with deeper insights and automation, scale live events and learning programs to empower traders and investors, he added. PTI HG MR

Definedge Securities Broking closes angel round to fund product innovation, education expansion and an algorithmic trading platform. Closure of an angel investment round by Definedge Securities Broking led by a syndicate of industry angel investors, with proceeds designated to accelerate product innovation, expand the education and community ecosystem, and drive user acquisition. The firm intends to use capital to launch an algorithmic trading platform, enhance offerings such as Opstra, Momentify and Zone App with deeper insights and automation, and scale live events and learning programs to support trader and investor empowerment.