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Motilal Oswal Financial Services picks up strategic stake in StockPe

Mumbai 16-Sep-2022

Motilal Oswal Financial Services picks up strategic stake in StockPe

Mumbai, September 15 2022: Motilal Oswal Financial Services Limited (“MOFSL”) today announced acquiring a strategic stake in StockPe – a stock market education app - committing Rs. 2 Crores in its seed funding round.

Launched in June 2022, StockPe app which provides a stock market learning experience to the new age investors and traders and allows them to put their learnings to test through virtual tournaments has already garnered over 35K users. 

Speaking on the acquisition Ajay Menon, Whole-Time Director,MOFSL said, “ MOFSL being a customer centric organization is driven by the principle of Knowledge First approach. With an objective of bringing education enabled financial inclusivity in the country, MOFSL has made a strategic investment for acquiring a considerable stake in StockPe. The customers who have gained knowledge from StockPe will be able to access investment ecosystem of research insights and trading platforms provided by MOFSL.”

Adding to it, Ajay Menon also said, “Our investment in StockPe is a testimony to our commitment of working along with upcoming fintech players to provide the best of both worlds – Fintech’s agility and Motilal Oswal’s expertise – to our customers. We are on a continuous lookout for more such investment and tie-up opportunities with the upcoming startups in our space.”

Shubham Rawal, CEO, StockPe said, “Our strong base of new age investors will hugely benefit through MOFSL’s investment in our firm and we plan to improve our products and focus on growth through this round of funding. With this collaboration, besides gaining education on the dynamics of stock market investing, our customers can take pragmatic control of their investments by investing through robust and most comprehensive trading apps of MOFSL.”

About Motilal Oswal Financial Services Limited

MOFSL is a financial services company. Its offerings include capital markets businesses (Retail broking, Institutional broking & Investment banking), Asset & Wealth Management (Asset Management, Private Equity & Wealth Management), Housing Finance & Equity based treasury investments. MOFSL employs 10,000+ employees serving to 50 lakh clients via distribution reach in 550+ cities. MOFSL has AUA of Rs 2.9 tn.

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For further details contact:

Rohini Kute
Head, Corporate Communication,
Motilal Oswal Financial Services
Mob +91 9820196838 / Mail: rohini.kute@motilaloswal.com