Streak AI Technologies Pvt Ltd

Background

Founded in August 2017, Streak AI Technologies Pvt Ltd is a Bengaluru-based fintech company that empowers retail investors by providing an algorithmic trading platform requiring no coding skills. The company's mission is to democratize algorithmic trading, enabling individual traders to compete on equal footing with institutional investors. By offering tools for strategy creation, back-testing, and live deployment, Streak aims to enhance the trading capabilities of retail investors.

Key Strategic Focus

Streak's strategic focus centers on delivering a user-friendly platform that allows retail traders to develop, test, and implement trading strategies without programming knowledge. The platform supports trading across various securities, including stocks, futures, currencies, and commodities on the National Stock Exchange (NSE) and Multi Commodity Exchange (MCX). By integrating advanced algorithmic trading tools, Streak targets the growing market of retail investors seeking sophisticated trading solutions.

Financials and Funding

Streak has successfully secured funding to support its growth and development:

Seed Funding (January 2018): Raised ₹2.25 crore (approximately $354,600) from Rainmatter Capital, an initiative by Zerodha.

Pre-Series A Funding (June 2019): Secured $1 million in a round led by 3one4 Capital, with continued participation from Rainmatter Capital.

The capital raised has been utilized to expand the team, enhance the product roadmap, and scale the customer base.

Technological Platform and Innovation

Streak's platform is distinguished by its proprietary technologies and innovative methodologies:

No-Code Strategy Development: Enables traders to create and deploy trading algorithms without any coding requirements.

Comprehensive Back-Testing: Allows users to validate strategies against historical data, providing insights into potential performance.

Real-Time Analysis: Offers live market analysis and alerts, assisting traders in making informed decisions promptly.

These features collectively provide retail investors with tools previously accessible only to institutional traders, thereby leveling the playing field.

Leadership Team

Streak's leadership comprises experienced professionals with a background in technology and finance:

Harsha Manohar: Co-founder and Chief Executive Officer.

Vipul Divyanshu: Co-founder and Chief Technology Officer.

Jayalakshmi Manohar: Co-founder and Chief Product Officer.

The founders have a history of collaboration, having previously worked together on TrialKart, a virtual dressing room app, which they successfully exited in 2015.

Competitor Profile

Streak operates in a competitive fintech landscape, with several notable competitors:

Neogrowth: A technology-enabled lending company providing business loans to small retailers in India.

Neon: Develops a digital financial platform.

ContaAzul: Offers an online platform for small businesses and accounting.

Clix Capital: Provides a digital lending platform.

These companies, while operating in the broader fintech space, offer services that may overlap with Streak's target market.

Strategic Collaborations and Partnerships

A significant partnership for Streak is with Zerodha, India's largest brokerage firm. This collaboration has facilitated the integration of Streak's platform with Zerodha's services, expanding its reach and user base.

Operational Insights

Streak's platform has experienced substantial user engagement:

User Base: Over 150,000 users.

Strategies Back-Tested: More than 13 million.

Transacted Value: Over ₹2,200 crore (approximately $300 million) generated through deployed strategies.

These metrics underscore the platform's effectiveness and the growing interest among retail investors in algorithmic trading.

Strategic Opportunities and Future Directions

Streak aims to continue enhancing its platform by introducing new products and features that further empower retail investors. The company is focused on expanding its user base, both domestically and internationally, and exploring additional partnerships to strengthen its market position.