Definedge closes first institutional and angel round

Definedge Securities Broking has closed its first institutional and angel investment round led by a group of industry veterans including Hemant Luthra, Ajay Srivastava, D. Prasad, Nitin Agarwal, and Madhusudan N. Sarda. 

The funding amount has not been disclosed.

The proceeds will be used to expand product development, strengthen its education ecosystem, scale user growth, and enhance its technology and compliance infrastructure. It will also expand events, workshops, and programs to support traders and investors.

Founded by Prashant Shah and Rajesh…