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Zanskar Technology, a Bengaluru-based quantitative trading and execution infrastructure firm, has secured INR 25 crore (USD 2.7 million) in funding from BlackSoil Capital.
The company is also backed by Peak XV Partners. Founded in 2022, Zanskar provides institutional and retail brokerage services through its platform, Nubra.
The new funds will be used to expand its institutional presence and further invest in its trading infrastructure.
Nubra offers execution and brokerage services to a wide range of institutional clients, including asset management companies (AMCs), PMS and AIF funds, venture capital and private equity firms, family offices, and proprietary trading desks.
The company is also working on infrastructure for market-making in international markets. According to Zanskar, its platform is built on a fully in-house technology stack, including proprietary order and risk management systems, exchange co-located infrastructure, and low-latency execution algorithms.
Within six months of launch, Nubra has onboarded multiple institutional clients and is serving as an authorised market maker for several exchange-traded funds (ETFs). Its retail platform has also seen growth, with over 25,000 demat accounts opened so far.
BlackSoil Capital, founded in 2016, provides alternative credit solutions and has backed several unicorns and publicly listed firms.
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