By CIO Insider Team
 

Zanskar Technology, a quantitative trading and execution infrastructure company based out of Bengaluru, has raised INR 25 crores ($2.7 million) from venture capital firm BlackSoil Capital.

Zanskar Technology is also being backed by Peak XV Partners. Founded in 2022, Zanskar Technology provides both institutional and retail brokerage products via its Nubra Trading Platform.

Zanskar Technology will use this new financing to expand their presence across institutional clients and continue to build out their trading infrastructure.

Nubra Trading offers execution and brokerage services to a variety of institutional clients, including asset managers (AMCs), PMS and AIFs, VC/PE firms, family offices, and proprietary trading desks.

Mayank Sachan, Co-founder, Zanskar, said, “Building Nubra has always been about bringing institutional-grade execution and technology to a wider set of market participants. This partnership with BlackSoil Capital enables us to accelerate that vision, deepen our institutional presence, and continue investing in cutting-edge trading infrastructure.”

Zanskar Technology is also developing infrastructure for market making in global exchanges. According to Zanskar Technology, their platform is based on 100% in-house technology, including proprietary order/risk management systems, co-location infrastructure for exchanges and low latency execution algorithms.

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Nubra has secured many institutional clients and has been appointed as an approved market maker for many ETFs, thanks to the accomplishments of its first six months of operations.

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Additionally, Nubra has opened over 25,000 retail accounts during this same period of time.

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BlackSoil Capital, established in 2016 to provide alternative lending products to companies, also works with multiple unicorns and publicly traded companies to support their growth.