At the Connecting Ideas With Money, Lounge47 session held on the 4th of May 2022, founder Praveen Sahu pitched Pune-based Algoswing – that offers customers Algorithm-driven swing trading in the stock markets. The startup launched on the 1st of October, 2021 and in 1.8years has reached a turnover of 6 crores.
“Our vision is to own 66% of the Global Asset Management Industry by 31st Mar 2050,” says Praveen. ” Our daily swing strategy performance……actual trades taken is 400+ average… holding period of 19 Days…success ratio of …. 71% Average… return per trade is 4%…annualized returns are 112%.”
Team:
Praveen Sahu, Founder
12+ Corporate experience- KPMG, Suzlon, Cognizant Business Consulting,
Tata Steel
5+ years Capital Markets
BTech, ISB Hyderabad, NISM, ISM Dhanbad
Experience in Corporate banking, Strategy, Operations and Program management
Rajesh Giribua, Strategy
18+ Corporate experience- Schlumberger, IBM, SAP, Accenture,
Capgemini, Suzlon
12+ years Capital markets
MBA, BE, Certified Security analysis and portfolio management
Experience in Management Consulting, Program Management, Business Operations
Y Likith Kumar Reddy, Algo Developer
BE (Final year), Data Scientist, Machine learning, Python
Dhruthi Saripalli, Strategy
BE (Final year), Marketing (Ifortis, Good Space), Fundamental analysis
Shubham Nerpagar, Algo Developer
BE, 2 years Trading, JeaFx Forex, Algorithmic Trading A-Z.
The startup would like to incorporate as a NBFC (Investment Company Category) and is seeking to raise funds.
