Lemonn App: Simplifying Stock Investing for Newbies
By Rediff Money Desk, NEWDELHI Apr 02, 2024 15:34
PeepalCo launches Lemonn, a stock investing app designed for new investors, aiming to simplify discovery and decision-making in the market.
New Delhi, Apr 2 (PTI) PeepalCo, built by entrepreneurs Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, has launched a stock investing app, Lemonn, that aims to simplify discovery and decision-making for new investors.
Lemonn marks PeepalCo's expansion into stock broking, and will be housed as a separate business division with its own managing and operations teams, according to a release.
Devam Sardana will lead the team at Lemonn and assume the role of Business Head.
"Expanding its wealth-tech ambitions, PeepalCo, the house of brands built by successful entrepreneurs Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, has launched Lemonn, a stock investing app," the release said adding that the app simplifies discovery and decision-making for new investors.
"Millions of Indians find stock markets complicated even today. Despite the post-pandemic growth, only about 6 per cent of Indians invest in stock markets. We aim to bridge this gap, by making stock investing engaging, informative, and effortless," Ashish Singhal, Co-Founder and Group CEO of PeepalCo group said.
PeepalCo is a house of brands with tailored wealth-tech products, and the Group serves over 20 million Indians through its various offerings.
The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures.
Lemonn marks PeepalCo's expansion into stock broking, and will be housed as a separate business division with its own managing and operations teams, according to a release.
Devam Sardana will lead the team at Lemonn and assume the role of Business Head.
"Expanding its wealth-tech ambitions, PeepalCo, the house of brands built by successful entrepreneurs Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, has launched Lemonn, a stock investing app," the release said adding that the app simplifies discovery and decision-making for new investors.
"Millions of Indians find stock markets complicated even today. Despite the post-pandemic growth, only about 6 per cent of Indians invest in stock markets. We aim to bridge this gap, by making stock investing engaging, informative, and effortless," Ashish Singhal, Co-Founder and Group CEO of PeepalCo group said.
PeepalCo is a house of brands with tailored wealth-tech products, and the Group serves over 20 million Indians through its various offerings.
The Group is backed by blue-chip investors including Andreessen Horowitz (a16z), Tiger Global, Peak XV Partners (formerly Sequoia Capital India), Ribbit Capital, Paradigm, and Coinbase Ventures.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- IFL Enterprises
- 1.36 (+ 4.62)
- 96270207
- Franklin Industries
- 3.90 (+ 4.56)
- 27501642
- Vodafone Idea L
- 16.18 ( -3.63)
- 21311560
- Indian Renewable
- 259.90 ( -4.54)
- 14228151
- AvanceTechnologies
- 0.90 ( -1.10)
- 11518579
MORE NEWS
Wipro Transfers Stake in Financial Outsourcing...
Wipro Holdings (UK) has transferred its entire stake in Wipro Financial Outsourcing...
Indian Markets Turn Negative After Record Highs
Indian stock markets experienced volatility on Thursday, turning negative after...
ASK Property Fund Invests Rs 190 Cr in...
ASK Property Fund has invested Rs 190 crore in a real estate project being developed by...