AI startup Daakia Non-public restricted raises Rs 4 crore in seed funding for rural growth

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

NEW DELHI: Daakia Non-public Restricted, an AI-powered deep tech startup working within the Enterprise SaaS and Digital Communications sector has secured Rs 4 crore in seed funding from a gaggle of strategic buyers to boost its operations in rural and inaccessible areas and develop its person base in metro and tier 1 cities.The funding spherical was led by MD of Inexperienced Apple Enterprises, Sasi Kumar Marasu, with contributions from just a few different angel buyers.This funding will help Daakia’s aim to supply citizen-centric providers to make collaborations simpler, efficient and thus, obtain digital sovereignty.”We believe that Daakia Private Limited has the potential to revolutionize the way businesses operate and transform the user experience with its intuitive communication platform,” mentioned Marasu.”We are excited to partner with Daakia on their journey to digitally sovereign India and be a preferred platform of choice for Indians,” he added.Founder & CEO (ex-EY & IIFT alum) of Daakia Private Limited, Animesh Kumar said, “We’re extremely excited to have the help of our buyers as we embark on the subsequent section of our journey.””This funding will allow us to develop our group, improve our know-how, and attain extra clients. Whereas web has introduced folks collectively, the world nonetheless struggles with linguistic boundaries. By means of Daakia, one can have a significant dialog with anyone on the earth in about 109 languages. We’re dedicated to the exhortation of the honourable Prime Minister to “Code for Atmanirbhar Bharat”, and really consider in Vocal for Native and Go International,” Kumar added. Daakia has been granted a patent for its platform, which bridges the language hole inside India and globally. With this current funding enhance, the corporate plans to increase its platform to cater to companies and people worldwide, providing an inexpensive Indian-made various to widespread platforms like WhatsApp and Zoom.With this recent injection of capital, Daakia is poised to develop its operations and speed up product growth, solidifying its place as a most well-liked communication platform for Indians.Daakia Non-public Restricted was established in 2020 and it primarily based in Bengaluru, Karnataka.

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