ICICIdirect acquires investor networking platform Multipie

By Kevin Colleran On Aug 3, 2022

Equity house ICICIdirect said on Wednesday it has acquired Multipie, a networking platform for investors to discuss and exchange ideas on stocks and other investment assets.

The transaction involves the acquisition of Multipie App, its technology, brand, domain name, and user base, among other things.

ICICIdirect did not reveal the size of the deal.

Multipie, launched in October 2021, said it has seen more than 40% month-on-month growth.

The startup claims its community has become highly engaging owing to high-quality content (newsletters, infographics, blogs) and moderated discussion boards for market insights.

The platform lets users link their portfolios and export content to their social media handles.

Discover the stories of your interest

This is the second such investment by ICICIdirect after it picked up a minority stake in Asknbid, a startup in the financial gaming space, in October 2021.

Founded by two IIT engineers, Asknbid is focused on building algorithmic products for investing.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

For all the latest Technology News Click Here

For the latest news and updates, follow us on Google News.

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.