TradeX, a forecasting market platform, has raised a $ 1 million seed round from TDV Partners, SoMa Capital, and marquee investors like Maninder Gulati, Anupam Mittal, Rajesh Shawney, Hitesh Chawla, Cem Garih, Justin Mateen, Fethi, and a few others .
Founded in 2021 by Divij Goyal and Ankit Shrivastava, TradeX is an event-based prediction market for the Bharat audience. TradeX users can directly participate in any real event, double their investments or hedge positions.
The Gurugram based startup has launched various events in different categories such as entertainment, finance, news, sports, etc. and will focus on going deeper into these categories.
Within months of going public, they are seeing strong pull with over 1 lakh users trading more than 10 billion rupees in money and making profits.