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Option trading platform Punch has raised $7 million funding in a seed round. The round saw participation from Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, Innoven Capital, and angel investors including Kunal Shah, Vatsal Singhal, and Nitish Mittersain, said the company in a statement.

“Our focus is on making responsible trading intuitive and part of the user experience…We want to help beginners who are engaging with the market, to do it confidently and cautiously,” said Amit Dhakad, Co-founder & CEO, Punch.

The platform, which was developed by Market Pulse Securities, seeks to facilitate responsible trading behaviour in option trading with product innovations such as intuitive safety tools and an easy-to-use single-screen user experience.

The SEBI-registered broker plans to use the funds primarily for research and development, the statement said.

“As a product-first company having deep understanding of consumer behaviour, we’re focussed on providing a safe platform for first-time F&O traders, especially those aged 24-35,” Dhakad told YourStory.

“With Punch’s safety-first, single-screen interface, we’ve tackled major issues like risk management, overtrading, and big losses. We’re investing heavily in R&D to build safety tools and intuitiveness for young traders. In the long run, we’re committed to making trading and investing safe and convenient for young India,” he added.

Founded by Dhakad, Hiral Jain, Arshad Fahoum, and Ajit Dandekar, the company promotes responsible trading behaviour through easy innovative and intuitive safety tools for beginners. Its single screen trading interface consolidates various trading elements including charts, profit and loss data, positions, orders, indicators, and options price charts on one mobile screen.

According to Tracxn data, the company raised a total of $8.83M in equity funding with its previous Series A round in October 2023 from SIG, Stellaris Venture Partners, Prime Venture Partners, and Innoven Capital.