Neotrade secures $230K from Rainmatter

Neotrade Analytics Pvt Ltd, a startup that provides real-time data feeds to stock market traders, has raised Rs 1.5 crore (about $230,000) from fin-tech focused startup incubator Rainmatter.

"The funds will be utilised for the development of a number of products in addition to marketing and hiring," Vivith Kumar Lakshminarayan, founder & managing director of Neotrade Analytics, told Techcircle.in.

Lakshminarayan and Sharath Kumar S founded Neotrade Analytics in 2014. It is an authorised real-time data vendor of the NSE and BSE.

The company solutions allow traders to integrate their trading systems with the broker's platform. It also helps traders to develop their own custom trading strategy.

Rainmatter is a startup incubator that provides workspace, mentorship, and funding (in the $100,000-$500,000 range) to innovative technology startups. The firm had previously invested Rs 2.5 crore in fin-tech startup TradeLab Software Pvt Ltd.