About uTrade
uTrade is a company based in Chandigarh (India) founded in 2011 by Kunal Nandwani and Ashish Grover was acquired by Share India in November 2021.. uTrade has raised $1.02 million across 7 funding rounds from investors including Share India, Nitin Jindal and Amit Gupta. The company has 120 employees as of April 08, 2024. uTrade operates in a competitive market with competitors including Liquide Solutions, TRDR, Meru Capitals and uTrade Algos, among others.
- Headquarter Chandigarh, India
- Employees 120 as on 08 Apr, 2024
- Founders Kunal Nandwani, Ashish Grover
- 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 Utrade Solutions Private Limited
- Date of Incorporation 02 May, 2011
- Jurisdiction Chandigarh, Chandigarh, India
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Annual Revenue
$1.98 M (USD)7.32as on Mar 31, 2023
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Net Profit
$436.83 K (USD)2.05as on Mar 31, 2023
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EBITDA
$375.1 K (USD)-31.57as on Mar 31, 2023
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Total Equity Funding
$1.02 M (USD)
in 7 rounds
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Latest Funding Round
$161.73 K (USD), Angel Round
Oct 01, 2014
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Investors
Share India
& 22 more
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Employee Count
120
as on Apr 08, 2024
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Acquired by
Share India
(Nov 23, 2021)
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Funding Insights of uTrade
uTrade has successfully raised a total of $1.02M across 7 strategic funding rounds. The most recent funding activity was a Angel Round round of $161.73 thousand completed in October 2014. 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 7
- Last Round Angel Round — $161,727
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First Round
First Round
(22 Sep 2011)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Angel Round - uTrade | Valuation | Nitin Jindal , Amit Gupta |
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| Aug, 2014 | Amount | Angel Round - uTrade | Valuation | Aiysha Ahmed |
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| Mar, 2014 | Amount | Angel Round - uTrade | Valuation | Zaid Hammoud |
| 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 uTrade
uTrade has secured backing from 23 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Share India, Nitin Jindal and Amit Gupta. 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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Seed & early stage focused VC firm investing in the US, India & China
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Founded Year | Domain | Location | |
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Industrial inspection and contracting services are provided by the company.
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Founded Year | Domain | Location | |
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Online trading platform for multi-assets
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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 uTrade
| 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 - uTrade
| 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 |
Utrade Comparisons
Competitors of uTrade
uTrade 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 Liquide Solutions, TRDR, Meru Capitals and uTrade Algos, 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-powered tools for investment research and trading are provided.
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| domain | founded_year | HQ Location |
Automated trading and investment platform for retail investors is operated.
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| domain | founded_year | HQ Location |
Offers an AI-based algorithmic trading platform for stock investments.
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| domain | founded_year | HQ Location |
Offers no-code platform for algo trading, backtesting, and strategy deployment.
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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 Utrade
Frequently Asked Questions about uTrade
When was uTrade founded?
uTrade was founded in 2011.
Where is uTrade located?
uTrade is headquartered in Chandigarh, India.
Who is the current CEO of uTrade?
Kunal Nandwani is the current CEO of uTrade. They have also founded this company.
Is uTrade a funded company?
uTrade is a funded company, having raised a total of $1.02M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $71.66K, raised on Sep 22, 2011.
How many employees does uTrade have?
As of Apr 08, 2024, the latest employee count at uTrade is 120.
What is the annual revenue of uTrade?
Annual revenue of uTrade is $1.98M as on Mar 31, 2023.
What does uTrade do?
uTrade was founded in 2011 in Chandigarh, India, as a FinTech company focused on capital markets. Multi-asset platforms are provided for institutional investors and proprietary traders, including risk management and low-latency algorithmic trading tools. Online and mobile platforms are supplied to retail brokers. Services for buy-side and sell-side institutions encompass trading, compliance, and market data, with workflows integrated and trading processes automated to support operations.
Who are the top competitors of uTrade?
uTrade's top competitors include Liquide Solutions, TRDR and Meru Capitals.
Who are uTrade's investors?
uTrade has 23 investors. Key investors include Share India, Nitin Jindal, Amit Gupta, Aiysha Ahmed, and Mohit Agarwal.
What is uTrade's valuation?
The valuation of uTrade is $4.73M as of Oct 2014.