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ICICIdirect acquires investor community-based networking platform Multipie

NEW DELHI: ICICIdirect on Wednesday stated it has acquired startup Multipie – an internet and app-based networking platform for the investor group which allows them to debate, trade concepts and share views on shares and different funding property.

The transaction entails the acquisition of Multipie App, know-how, model, area title, person base and different associated issues, in line with the press launch.

“Multipie App, which was launched in October 2021, has been rising at 40%+ month-on-month and enjoys a ranking of 4.9 on Playstore and 4.7 on App Store. Within a brief interval, the Multipie group has grown to be extremely participating on the again of high-quality content material (newsletters, infographics, blogs and so forth.) and moderated dialogue boards the place customers acquire market perception. The platform is intuitive and socially built-in, enabling customers to export content material to their social media handles. Users can hyperlink their portfolio with the platform, permitting monitoring in addition to taking part in centered discussions,” the corporate stated in an announcement.

ICICIdirect stated Multipie has options like inventory discovery concepts, import inventory portfolio, content material creation with inventory tags, person tags with Twitter integration and others. The platform additionally allows members to observe one another and in addition share their portfolio solely with folks they selected to. There are a number of different options within the pipeline, which shall be launched over time believes the inventory buying and selling platform.

This is the second such funding by ICICIdirect, after it acquired vital minority stake in Asknbid, a startup within the monetary gaming house in October 2021.

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