Samco Ventures Secured $7.5 million funding in series B led by the company existing investor, mid-market private equity firm Bay Capital Investments, with the promoters of the Mumbai-headquartered company also participating.
SAMCO Ventures Private Limited was incorporated in March 2015. The company was founded by Jimeet Modi who is currently the CEO of the company.
It acquired Samruddhi Stock Brokers Limited and re-branded it to SAMCO Securities. In May 2015, SAMCO launched the country’s first capital market league, Indian Trading League (ITL).
Siddharth Mehta, founder of Bay Capital, said to ET “Samco has had an impressive growth trajectory since its inception in 2015. We are also very impressed with the Samco team and the innovation that they have brought to the plate in an otherwise cluttered market”.