Indian trading platform FnO raises $6m in Jungle Ventures-led Series A round

Indian trading platform FnO raises $6m in Jungle Ventures-led Series A round

Photo: Colin Watts / Unsplash

FnO, a Singapore-registered firm that operates intra-day options-only trading platform MarketWolf, has raised $6 million in a Series A funding round led by venture capital firm Jungle Ventures, according to ACRA filings accessed by DealStreetAsia DATA VANTAGE.

The filings showed that Singapore-based Jungle Ventures agreed to invest $3 million in the funding round in exchange for 130,039 preference shares. Other investors in the latest funding round include Utsav Somani, who invested through the $16.1-million Utsav Somani Investments Fund II, and TPG Capital managing partner Ganendran Sarvanathan.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter