Hardeep Singh
TradeX, an India-based predictions market stage, raised USD 1 million in a seed funding round from TDV Partners, SoMa Capital, and prominent financial supporters, including Maninder Gulati.
TDV Partners, SoMa Capital, and other notable financial supporters, including Maninder Gulati, Anupam Mittal, Cem Garih, Rajesh Shawney, Hitesh Chawla, Justin Mateen, and Fethi, participated in the most recent funding round.
The Goals of the funding: The organisation wants to use the ongoing returns to assemble and further improve its tech team, as well as to expand the stage to Indian clients.
About TradeEx
TradeX, founded in 2021 by Divij Goyal and Ankit Shrivastava, both graduates of IIT Roorkee, enables trading based on events like weather, politics, and economics. TradeX clients have direct exposure to any true event and may double down on their investments or hedge positions.
Derivatives markets on data, such as TradeX, are an attempt to capture that market where clients may trade their viewpoints. A true cash gaming application functions as a P2P trading platform. For example, the business offers trade potential opportunities on events such as “Will India have 10L daily new Covid cases by 31st June 2022?”, “Will Bitcoin ever cross USD 100k in 2022?”
The team has previously worked for JPMC, Ziploan, CityMall, Sapient, and Ladbrokes. They have sent several gaming goods before finalising the predictions marketplace.
The firm has sent out a few instances in various categories such as entertainment, finance, news, sports, and so on, and stated that they will focus on expanding farther into these classifications. The corporation ensures that these are locations of strength for seeing where 1L+ consumers have exchanged more than 10 Cr in cash and gained advantages. TradeX states that customers enjoy the item and have requested that additional current business sectors be sent to them for exchange.
Founders
Divij Goyal, a big backer of TradeX, stated, “We are constructing the stage with the goal of constructing a single wellspring of truth where individuals may generate a point of view from what the majority are thinking. We end up with unequal perceptions as a result of a wide virtual entertainment entry, falsity, or lack of facts. Individuals may use TradeX to learn what others think about them. Clients use TradeX to shape their viewpoint on any event as well as the exchange to seek monetary impetus on their viewpoint.”
Launching
The firm has sent out many occasions in various categories such as entertainment, finance, news, sports, and so on, and will focus on getting deeper into these classifications. They are places of strength for viewing where 1L+ clients have traded more than 10 Cr worth of cash and earned benefits soon after opening up to the world. Clients are pleased with the item and have requested that more recent business sectors be sent to them for exchange.
