About AlgoBulls
AlgoBulls is a company based in Mumbai (India) founded in 2019 by Suraj Rajesh Bathija, Jimmit Vikram Patel, and Pushpak Mahavir Dagade.. AlgoBulls has raised $2.82 million across 3 funding rounds from investors including Mumbai Angels, Venture Catalysts and LetsVenture. AlgoBulls offers products and services including Phoenix, Odyssey, Phoenix Copilot, Phoenix Pro Build, and Phoenix Python Build. AlgoBulls operates in a competitive market with competitors including Cogmac, NX Block Trades, Astroid Technologies, Tvisi Algo Systems and Xtreme Algo, among others.
- Headquarter Mumbai, India
- Founders Suraj Rajesh Bathija, Jimmit Vikram Patel, Pushpak Mahavir Dagade
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Algobulls Technologies Private Limited
- Date of Incorporation 14 Jun, 2019
- Jurisdiction Goregaon East, Maharashtra, India
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Annual Revenue
$27.78 M (USD)336.03as on Mar 31, 2024
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Net Profit
$-377.34 K (USD)-74.42as on Mar 31, 2024
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EBITDA
$-373.25 K (USD)-102.48as on Mar 31, 2024
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Total Equity Funding
$2.82 M (USD)
in 3 rounds
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Latest Funding Round
$548.58 K (USD), Seed
May 10, 2023
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Investors
Mumbai Angels
& 51 more
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Employee Count
Employee Count
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Products & Services of AlgoBulls
AlgoBulls offers a comprehensive portfolio of products and services, including Phoenix, Odyssey, Phoenix Copilot, Phoenix Pro Build, and Phoenix Python Build. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for creating and executing custom trading strategies with AI support
Platform for accessing pre-built trading strategies without coding
Generative AI for generating and backtesting trading ideas quickly
Service for developing tailored algorithmic trading solutions
Integration for Python-based strategy execution and testing
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Funding Insights of AlgoBulls
AlgoBulls has successfully raised a total of $2.82M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $548.58 thousand completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $548,582
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First Round
First Round
(24 Nov 2020)
- Investors Count 52
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - AlgoBulls | Valuation | ZNL Growth Fund , Findoc | |
| Sep, 2022 | Amount | Seed - AlgoBulls | Valuation | Venture Catalysts , LetsVenture | |
| Nov, 2020 | Amount | Seed - AlgoBulls | Valuation | Madhusudan Rajagopalan , Venture Catalysts |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AlgoBulls
AlgoBulls has secured backing from 52 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mumbai Angels, Venture Catalysts and LetsVenture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in multiple sectors are managed by ZNL Growth Fund.
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Founded Year | Domain | Location | |
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Founded Year | Domain | Location | |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AlgoBulls
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AlgoBulls
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algobulls Comparisons
Competitors of AlgoBulls
AlgoBulls operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cogmac, NX Block Trades, Astroid Technologies, Tvisi Algo Systems and Xtreme Algo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based solutions are offered for trading and financial research.
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| domain | founded_year | HQ Location |
Offers AI-driven proprietary trading and risk management services.
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| domain | founded_year | HQ Location |
Provides software development, enhancement, migration, and maintenance services for ISVs.
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| domain | founded_year | HQ Location |
Online platform for sports betting, casino games, slots, and gambling services.
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| domain | founded_year | HQ Location |
Offers trading platforms, CRM, and liquidity solutions for forex brokers globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algobulls
Frequently Asked Questions about AlgoBulls
When was AlgoBulls founded?
AlgoBulls was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is AlgoBulls located?
AlgoBulls is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of AlgoBulls?
Pushpak Mahavir Dagade is the current CEO of AlgoBulls. They have also founded this company.
Is AlgoBulls a funded company?
AlgoBulls is a funded company, having raised a total of $2.82M across 3 funding rounds to date. The company's 1st funding round was a Seed of $270.02K, raised on Nov 24, 2020.
What is the annual revenue of AlgoBulls?
Annual revenue of AlgoBulls is $27.78M as on Mar 31, 2024.
What does AlgoBulls do?
AlgoBulls was founded in 2019 and is headquartered in Mumbai, India. An algorithmic trading platform is offered to retail traders, developers, and enterprises for automating trading strategies. Tools for strategy creation are supported through AI, no-code interfaces, and Python coding. Infrastructure for backtesting and integration with external signals is included, focusing on the financial technology sector.
Who are the top competitors of AlgoBulls?
AlgoBulls's top competitors include Cogmac, Tvisi Algo Systems and Astroid Technologies.
What products or services does AlgoBulls offer?
AlgoBulls offers Phoenix, Odyssey, Phoenix Copilot, Phoenix Pro Build, and Phoenix Python Build.
Who are AlgoBulls's investors?
AlgoBulls has 52 investors. Key investors include Mumbai Angels, Venture Catalysts, LetsVenture, DSP Group, and DSP Mutual Fund.
What is AlgoBulls's valuation?
The valuation of AlgoBulls is $18.58M as of May 2023.