Global Investing Platform Stockal Acquires Acru

A business-to-business-to-consumer (B2B2C) global investing platform enabling Indian investors to access global markets, Stockal declared the strategic acquisition of Acru, a company specialising in infrastructure solutions that facilitate investments in Indian financial products for non-resident Indians (NRIs) and person with Indian origin (PIOs). 

This strategic move completes Stockal's cross-border investment ecosystem, empowering both Indian and global investors to seamlessly invest in each other's markets. With this acquisition, Indian investors can easily access over 6,000 global securities, while non-resident Indians (NRIs) and foreign investors can invest in India’s thriving markets. 

Stockal has so far claimed to process over Rs 15,000 crore in transactions. The acquisition is expected to drive substantial growth, bringing in an additional Rs 500 to 1,000 crore of new investment into India over the next 12 months.

“We are thrilled to welcome Acru into the Stockal ecosystem. This acquisition enables us to offer a truly holistic infrastructure for cross-border investing,” said Sitashwa Srivastava, Co-Founder & Cheif Executive Officer (CEO) of Stockal. “We can take the Acru infrastructure to global banks, brokerages, wealth managers and fintechs to offer a simplified process for NRIs and PIOs investing in India's dynamic market. This positions us to target a much larger audience, including the 30 million NRIs worldwide.”

Stockal has already opened over 150,000 investment accounts and processed nearly USD 2 billion in transactions. The company said to aim at reaching USD 3 billion by the end of FY 2024-25. Acru, with its specialised infrastructure, complements Stockal’s ability to accelerate global market access, targeting markets where demand for investing in India is rapidly growing.

Gaurav Gulati, Founder and Managing Partner of Aroa Venture Partners shares his views saying, “With global investors increasingly focusing on Indian markets, we at Aroa Venture Partners believe Stockal’s cross-border expertise uniquely positions them to capitalize on this opportunity. The acquisition of Acru will further accelerate Stockal’s vision of becoming a truly holistic, borderless investment platform.”    

The acquisition of Acru is projected to boost Stockal’s overall transaction volumes while also helping it get its asset base to over USD 5 billion by the end of FY 2025-26. The integration of Acru’s infrastructure is expected to accelerate investment inflows from high-net-worth individuals (HNIs) and institutional investors, particularly in the Middle East, USA, Singapore, UK, Australia, and Canada.