MarketWatch has been a wonderful journey for many teams associated with the project. Not only did we learn numerous aspects of financial market analysis but also learnt how the use of technology could lead to a tremendous shift in Risk to Reward ratio.
With MarketWatch we aim to provide this technology and domain knowledge to the masses of Indian Traders to help them earn from the markets every time.
Underneath is a snippet of a journey that we are on.
Seed Fund – March 2018
With the vision of eradicating loss from a layman trader’s life, Umun Tech started their new venture MarketWatch in March of 2018. The team received a seed fund of INR 2 Million from a long term stock broker Rahul Rana.
The team spent the first month in thorough research of Indian Stock Markets and the technology surrounding them.
Live Rates – April 2018
By May of 2018, the development team at Umun Tech deployed the 1st version of the MarketWatch Application on Android PlayStore and Apple App Store.
This first version proved as a proof of concept that the team is capable of creating and running an application which is capable displaying live rates of MCX & NSE at lightening fast speeds.
Social Trading – Aug 2018
In august of 2018, MarketWatch introduced the tips sections. This allowed users from across India to share their valuable insights of the market with the world. By enable every user to share their ideas about the market, MarketWatch helped its users in making a consensus about the movements in the markets. And solidified the ideas behind placing trades.
Trading Simulator – Sep 2018
After setting up the base for further development, the team started working on a platform that could be used as a simulator for trading. By September 2018, the team completed the task in hand with utmost efficiency.
We launched the platform for National Institute of Technology, Kurukshetra. The app Stockhunt was used in the annual fest techspardha, where 500+ students and teachers competed on the platform, further proving the might and efficiency of the technology behind.
Series A Fund – Feb 2019
The team at Umun Tech is currently in talks for a Series A funding in February 2018.
RoboQuant – April 2019
The next step of evolution in the transformation of MarketWatch is the introduction of Algo Trading and Quantitative Analysis tools in the platform.
With RoboQuant Strategy maker MarketWatch will allow its users to backtest 100s of pre made or custom strategies with the click of a single button. MarketWatch will enable the traders whose brokers either do not support algo trading or whose platforms are not mature enough.
With MarketWatch’s RoboQuant Strategy maker, for the first time learners will be able to create, backtest and follow market strategies without any demat account.
Zerodha – Futures Ahead
Team MarketWatch is highly inspired by the likes of Zerodha and Upstox.
We aim at becoming the most convenient and efficient broking firm in India, with the help of cutting edge technology and financial domain expertise. We aspire of providing trading services to the wave of 500 million first time smartphones users with lowest brokerages and most advanced platforms.