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IIFL picks up 15% stake in Trendlyne

Mumbai | November 27 2018 11 : 31 IST | The Economic Times

Securities trading firm IIFL Securities has acquired a 15% strategic stake in Bengaluru-based fintech startup Trendlyne, a stock market analytics platform for retail investors, analysts, fund managers and advisors. 

Securities trading firm IIFL Securities has acquired a 15% strategic stake in Bengaluru-based fintech startup Trendlyne, a stock market analytics platform for retail investors, analysts, fund managers and advisors. The deal, the size of which was not disclosed, will also see integration of several features of Trendlyne with IIFL Securities to strengthen the latter’s investment solutions. 

Trendlyne had raised seed investment in January this year from DICE Fintech ACE, the startup accelerator programme backed by the Three Sisters institutional office along with the Bhagchandka Group family office fund. The existing investors also joined the round to maintain their stake in the firm. 

Trendlyne will use the funds to expand to international markets such as the US, the UK and Canada, cofounder Amber Pabreja told ET. 

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