Heckyl Technologies, a Mumbai based real time news and data analytics platform has raised over USD 3.5 Mn in Series B. The Investment was led by IDG Ventures India, along with the participation of existing investors, Seedfund Advisors and angel investor, Rajiv Dalal. The raised funds will be utilized in further fueling the company’s growth and expansion into new regions.
Founded in 2010, Heckyl is a venture of four ex Merrill Lynch Execs having over 45 years techno-functional experience in the capital markets, viz. Mukund Mudras, Jaison Mathews, Som Sagar and Abhijit Vedak (Starting from left).
The firm currently provides real time news analytic, live market analysis of the India and U.S. equity markets. It serve the financial analytic needs of mainly Individual investors, active traders and institutional professionals. Its integrated solution with trading terminals provide high quality Information, Visuals, Heat Maps of Sentiments and Market Data to help traders to find the trading opportunity is this fast moving market.
The platform cover Forex, Commodities, over 15000 Public listed companies, a few hundred private companies & startups, along with the world top Private equities players, Hedge funds, Fund Managers and Venture capitalist firms. The clients include brands like Religare, SMC, Angel broking, IIFL, JM Financial and many more.
As a part of the deal, Venkatesh Peddi from IDG Ventures will join the existing board of directors of the company. The existing board of the company includes Paula Mariwala from Seedfund Advisors and the two co-founders, Som Sagar and Mukund Mudras.
Also, in order to tap the global financial space in terms of News and Data Analytics, being valued at USd 50 Bn, Heckyl is planning to release big data mining platform for Financial Institutions and the Hedge fund industry.
The IDG Ventures India portfolio companies include, Apalya, Aujas Networks, eShakti, Forus Health,iCreate, iProf, Manthan Systems, Myntra, Ozone Media, Perfint, Sourcebits, Unbxd, Valyoo Technologies, Vserv and Zivame.
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